Latest news with #R2S
Forbes
31-03-2025
- Automotive
- Forbes
Rivian's Micromobility Incubator ‘Also' Gets Surprise Debut
Recently, when Rivian electric car company founder RJ Scaringe introduced the upcoming second generation of his two primary models - the R2S SUV andR2T pickup truck - he paid fine homage to Apple Computer founder Steve Jobs' iconic 'one more thing' end-of-presentation surprise strategy by introducing not one unexpected vehicle - the R3 - but a second variant, the R3x, which has the automotive segment excited even though the new models are still a year or so from production. Watch the wink to Jobs at the 27:45 mark: Now, Scaringe and Rivian has announced a micromobility development company called Also, Inc. The forthcoming products from Also will skew more towards personal use, although some micromobility products - especially e-bikes - are quickly becoming staples of the delivery industry with workers contracting with companies like Uber Eats, Doordash and others. Rivian has also produced tens of thousands of distinctive electric delivery vans (EDVs) for and recently began offering the vans for public sale. 'Also will focus on small, lightweight vehicles that are designed to meet the global mobility transportation challenges of today and tomorrow,' Rivian said in a press release, with Scaringe adding 'for the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed.' Also will be its own company, but will work closely with Rivian, much like Harley-Davidson and its e-moto spinoff LiveWire and Royal Enfield with its new electric motorcycle company Flying Flea (below). Chris Yu, Rivian's VP of future programs, will be its president, according to Rivian's press release. Additional investment totaling over $100 million will come from investment company Eclipse, which is currently working with dozens of small tech startups. Other partners, so far unnamed, are reportedly involved. No specific products have been announced as of yet, but Scaringe has a history of paying attention to the mobility market, even while developing his full-size vehicles. According to tech tracking site TechCrunch, Scaringe will show an initial vehicle later this year, and strongly hinted it will be an affordable e-bike. TechCrunch said Scaringe and Rivian growth director and Eclipse partner Jiten Behl started talking about developing micromobility products just ahead of the pandemic. During the covid years, TechCrunch said Christ Yu from bicycle and e-bike maker Specialized joined the effort. Bloomberg posted in early 2023 that Rivian was working on an e-bike but details were scant. Scaringe founded Rivian in 2009, one year after Tesla began production of its first model, the Lotus-derived Roadster. Rivian went public in late 2021 with a stock price near $130 per share, giving the company a massive market cap before they had produced many commercial vehicles. The first Rivian R1T electric pickup for commercial sale rolled off the assembly line in September of that year. The stock fell as the pandemic wore on and excitement over EVs waned. Today, Rivian shares remain in the teens and production continues for the company's latest generation of R1S and R1T vehicles as well as the distinctive electric delivery vans. Rivian's market cap has hovered around $10 to $20 billion since 2022, and the company turned its first official profit - $170 million - in the last quarter of 2024 after years of heavy losses as production scaled up. With many prospective EV buyers souring on Tesla vehicles due to CEO Elon Musk's political involvement, Rivian's profile has risen as of late. With President Trump's fairly antagonistic relationship with (most) electric vehicles and a possible end of tax incentives of EV buyers, the move to release Also into the wild might be timely if the vehicles are manufactured in the U.S. and not affected by tariffs. The vast majority of e-bikes, electric scooters and other micromobility products are manufactured in China, putting them at risk of price increases due to tariffs. Scaringe told TechCrunch he thinks many e-bikes are overpriced; a competitive domestic product with no tariff charges could have legs (or wheels) if production can scale quickly and import tariffs remain in place. Thank you for reading. Subscribing to allows you to leave comments and support contributors like myself. Subscribe to my page and get notifications when new stories are posted. You can also follow me on LinkedIn.
Zawya
14-02-2025
- Business
- Zawya
R2S Insurance Brokers selects Vitalls to enable continuity of care for its customers
Dubai, UAE – R2S Insurance Brokers, a major provider of insurance brokerage services in the UAE, has selected Vitalls, a smart health data platform, to offer its corporate clients and their employees an innovative healthcare management solution. This agreement underscores R2S's commitment to providing cutting-edge benefits and reinforces Vitalls' core mission purpose – Empowering people with their health data. Vitalls provides individuals and families with seamless secure access to their health data anytime, anywhere, ensuring continuity of care, even while traveling. The platform provides complete control over health records, enabling informed healthcare decisions and readiness for any situation. "We understand the importance of comprehensive and accessible healthcare solutions for our corporate clients and their employees," said Dr. Ibrahim Karam, CEO of R2S Insurance Brokers. "Vitalls' platform offers a significant advantage by streamlining health data management, ultimately empowering employees to take ownership of their health journey." This collaboration marks a significant milestone for Vitalls, demonstrating its growing traction within the insurance sector. "We are thrilled to work with R2S Insurance Brokers," said Mehdi Bouchenak, Founder of Vitalls. "This will allow us to extend our reach and empower more individuals with control over their health data. We are confident that Vitalls will become the standard for healthcare accessibility, and we look forward to expanding our market footprint within the insurance industry and beyond." The integration of Vitalls into R2S's offerings further strengthens the broker's commitment to delivering innovative and valuable solutions to its clients. By providing access to Vitalls, R2S is enabling its clients to offer a more robust and user-friendly healthcare benefit to their employees. About Vitalls Vitalls is a secure and intelligent platform developed by Synexty and backed by DeepMinds. It structures health records, enhances data protection, and ensures continuity of care. Vitalls provides businesses and individuals with a seamless and secure way to manage health information, bridging the gap between patients, insurers, and healthcare providers to shape the future of digital healthcare. About R2S Insurance Brokers R2S Insurance Brokers is a new concept of insurance brokerage services, offering tailored solutions to businesses and individuals across various industries. With a strong reputation for excellence and a commitment to customer-centric service, R2S connects clients with top-tier insurance providers to ensure comprehensive coverage and optimal risk management. R2S is dedicated to integrating innovative solutions to enhance the value it delivers to its corporate clients and their employees.
