Rivian obtained an order for 100,000 supply vans from the web retail behemoth
Rivian Automotive LLC, the electrical automobile producer, was energized this week after it obtained an order for 100,000 supply vans from on-line behemoth Amazon.com Inc ().
Plymouth, Michigan-based Rivian is creating the R1T and R1S line of electrical vans and SUVs. The corporate has raised practically US$1.9 billion from buyers, together with a $700 million spherical led by Amazon in February.
The order catapults Rivian into ’s () line of sight, because the latter firm was reportedly in talks to produce Amazon with its personal electrical vans.
READ: Amazon.com posts below-forecast second-quarter earnings as operating expenses jump on increased Prime delivery costs
Backers of the ten-year-old firm embody (), which invested US$500 million in April.
Amazon CEO Jeff Bezos advised buyers on Thursday that the electrical automobiles are a part of the web retailer’s plan to be carbon impartial by 2040. Deliveries of the vans are anticipated to begin in 2021, with a purpose to deploy all automobiles by 2024.
The vans can be manufactured at Rivian’s plant in Illinois.
Final week, Rivian introduced a US$350 million funding from auto companies firm Cox Automotive. The 2 corporations will even discover partnership alternatives in service operations, logistics and digital retailing.
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