Latest news with #RivianCommercialVan
Los Angeles Times
20-04-2025
- Automotive
- Los Angeles Times
Rivian Makes Its Commercial Van Available to Fleets of All Sizes
For U.S. customers, those big EV vans are no longer just for Amazon Irvine-based Rivian Automotive recently announced that it is opening sales for the Rivian Commercial Van to fleets of all sizes in the U.S. for the first time. The Rivian Commercial Van is the platform on which Amazon's custom electric delivery van (EDV) is based and is designed from the ground up, prioritizing safety, driver comfort, total cost of ownership and sustainability. Safety features include automatic emergency braking, collision warnings and 360-degree visibility – meaning the Rivian Commercial Van is engineered to be among the safest vehicles on the road today. Since the conclusion of Rivian and Amazon's exclusivity period, Rivian has been trialing its commercial van with several large fleets in the U.S. and preparing its fleet management process for the mass market. These pilots have paved the way to enable Rivian to open sales further. The Rivian Commercial Van comes in two sizes, the 500 and the 700, providing a payload around 2,600 lbs. and a Gross Vehicle Weight Rating (GVWR) of up to 9,500 lbs. Rivian's in-house software stack controls nearly every interaction from unlocking the vehicle and opening the door to charging and acceleration. These tools help streamline the ownership experience and minimize costs while increasing safety and productivity. 'Through existing partnerships, our commercial vans have already proved incredibly successful,' said Tom Solomon, senior director of business development for Rivian. 'Amazon currently has more than 20,000 in its fleet and delivered over a billion packages from its Electric Delivery Vans in 2024 alone. Over the last year, we have been focusing our efforts on testing with some larger fleets, and we're really pleased with how those trials have gone. As a result, we're excited to now be able to open sales to fleets of all sizes in the U.S., whether they want one van or thousands. Our vehicles are designed to not only be among the safest on the road but will also help fleet owners to reduce the cost of fleet ownership and their carbon footprint.' Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers. The Orange County-based company provides a full suite of services that addresses the entire lifecycle of the vehicle and stays true to its mission to keep the world adventurous forever. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal - preserving the natural world for generations to come.
Yahoo
24-02-2025
- Automotive
- Yahoo
Despite VW JV and New Cargo Van, Rivian Expects a Challenging 2025
Rivian produced 49,476 vehicles in 2024 and delivered a total of 51,579 but is forecasting a slight decline in 2025 owing to multiple factors. The EV maker expects a "challenging demand environment" in 2025, also citing changes to government regulations and policies, which are expected to include the demise of the $7,500 tax credit. Rivian is getting ready for the start of R2 production in 2026, which will consume some financial resources and factory prep time later this year. Rivian is one of just a handful of EV startups from the 2010s that have survived into the present day, making the perilous journey from concept to mass production. But surviving into 2025 does not necessarily mean smooth sailing. The EV maker revealed its fourth quarter results a few days ago, hitting generally positive notes headlined by achieving a gross profit of $170 million. The EV maker also saw record revenues in 2024, and it cited the sale of regulatory credits along with higher average selling prices of its R1 models, among other factors. The automaker said it produced 49,476 vehicles in 2024 and delivered 51,579. "In 2024 more than 1 billion packages were delivered by Amazon in the Rivian Electric Delivery Van (EDV) in the US alone," the EV maker noted, adding that it had begun to offer its smaller Rivian Commercial Van (RCV) to non-fleet commercial buyers earlier this month, such as small businesses. Rivian also entered into a joint venture with VW in 2024, with a deal worth up to $5.8 billion that will bring Rivian tech to Volkswagen's Scout brand, in addition to other goals. But there are still a few clouds on the horizon when it comes to repeating this feat this year. "We believe external factors could impact our 2025 expectations, including changes to government policies and regulations, and a challenging demand environment," the automaker said in a letter to shareholders. "While uncertainties persist, we remain focused on executing against our key value drivers and are confident in electrifying the world in the long term." It's not too hard to guess just what regulatory challenges Rivian expects to see this year, with the fate of the $7,500 tax credit being just one of the factors. That credit is still expected to depart, perhaps quite abruptly, though the specific timing of its demise remains uncertain. Other automakers are already factoring in the loss of federal incentives sometime in 2025 in their outlook for this year. In citing a challenging demand environment, Rivian is referring to the slowdown in EV sales that began in late 2023, prompting quite a few automaker to drop prices repeatedly over the course of several weeks and months, as the EV adoption rate in the US showed signs of plateauing. Rivian has not been immune to this trend, though it has navigated it better than some other, much larger automakers. But as a result, Rivian cautions that it expects to deliver 46,000 to 51,000 vehicles in 2025, just a bit south of the number delivered in 2024. "Rivian's guidance represents management's current view on potential adjustments to incentives, regulations, and tariff structures," the automaker noted, hinting at the remaining uncertainty in regards to tariffs that could produce one of the most consequential shake-ups in the EV industry's short history. The Trump administration has indicated in recent days that tariffs of approximately 25% will be levied on imported automobiles as soon as April 2, 2025, but is expected to clarify the matter sometime prior to or on that precise date. Rivian does not have a manufacturing footprint outside the US, but it could easily suffer various downstream effects of the imposed tariffs that will affect vehicle component suppliers. Rivian also expects to see expenses relating to the planned start of R2 production in 2026, which will affect its financial resources later this year, though should pay healthy dividends in 2026 when deliveries start. "We recently completed our first tooling trials for some of the key stamped body panels," the automaker noted. "The R2 body has been heavily optimized around cost with a focus on minimizing complexity. For example, the R2 utilizes a number of large high-pressure die castings to eliminate parts and connection points." In preparation for the start of production, the EV maker's plant in Normal, Illinois, is expected to see some preparatory work and some footprint expansion. Ahead of the R2 launch, Rivian will also grow its service network with plans to open 30 new service locations through the course of the year. Rivian is certainly not alone in expecting a rocky 2025, but we have a feeling that some of the more consequential events for the EV industry will be ones not anticipated by automakers at the moment. Will the departure of the $7,500 tax credit affect purchasing decisions for buyers of EVs priced above the $60,000 mark? Let us know what you think in the comments below.
Yahoo
23-02-2025
- Automotive
- Yahoo
Rivian expands commercial van sales, ending Amazon exclusivity
Rivian Automotive has announced the expansion of its commercial electric van sales to all U.S. businesses, a shift in the company's strategy more than a year after Rivian ended its exclusivity deal with Amazon in November 2023. The release notes the electric Rivian Commercial Van has two sizes, the 500 and the 700, with a payload of up to 2,663 pounds and a gross vehicle weight rating of up to 9,500 pounds. Tom Solomon, Rivian's senior director of business development, highlighted the success of the existing partnership with Amazon, stating, 'Amazon currently has more than 20,000 in its fleet and delivered over a billion packages from its Electric Delivery Vans in 2024 alone. Over the last year we have been focusing our efforts on testing with some larger fleets, and we're really pleased with how those trials have gone. As a result, we're excited to now be able to open sales to fleets of all sizes in the US, whether they want 1 van or thousands.' Tech Crunch reports the timing of this expansion is crucial for Rivian. As the company works to reduce losses ahead of the launch of a more affordable SUV next year, the commercial van business could provide a much-needed boost to its bottom line. Unfortunately for van-life enthusiasts, Tech Crunch adds that while Rivian is opening sales to all businesses, individual consumers hoping to convert these vans for personal use will have to wait. The company has specified that buyers must be registered businesses. Battery-electric and zero-emissions truck maker Nikola is racing against time and dwindling cash reserves as it seeks a buyer for its entire business by April, according to statements made by company lawyers during its first bankruptcy hearing in Delaware. The company, which briefly surpassed Ford Motor Co. in market value in 2020, filed for Chapter 11 bankruptcy protection on Wednesday after failing to secure additional capital or find a buyer in recent months. Nikola now hopes to auction off its assets to satisfy over $1 billion in liabilities. 'We believe it is a melting ice cube,' Joe Barsalona told Tech Crunch, referring to Nikola's rapidly depleting $47 million cash balance. Barsalona is a lawyer representing shareholders in a class-action lawsuit against the company. CEO Stephen Girsky said in a sworn declaration that Nikola had been exploring sale options for months prior to the bankruptcy filing. The company worked with Goldman Sachs to approach 22 potential acquirers in the truck manufacturing and transportation logistics sectors. While two international automakers initially expressed interest, both ultimately walked away from potential deals. 'Unfortunately, our very best efforts have not been enough to overcome these significant challenges, and the Board has determined that Chapter 11 represents the best possible path forward under the circumstances for the Company and its stakeholders,' Girsky said in a statement. Despite the setbacks, Nikola claims to have at least three interested buyers and hopes to solicit additional bids with a submission deadline in late March. If a full sale fails to materialize, the company will pivot to selling assets piecemeal. As the bankruptcy process unfolds, Nikola plans to continue limited operations, including some service and support for trucks currently in use. The company's lawyers expect a potential sale hearing in early April. Despite President Donald Trump's freeze of $5 billion in federal funding for EV charging infrastructure, states are stepping up. Tech Crunch reports EV charging startup Revel recently secured a $60 million loan from New York's clean energy investment fund NY Green Bank to triple its public fast-charging network in New York City. The funding is expected to build out nine sites across the city and create 267 fast-charging stalls by 2027. San Diego-based startup Self Inspection recently raised $3 million for its AI-powered vehicle inspections. The company, founded in 2021, has taken a much different path from UVEye, which recently raised $191 million for its AI-powered drive-through inspection technology, according to Tech Crunch. The platform works with a smartphone camera but can also pull data from a car's OBD2 port.A joint electric truck battery manufacturing venture by Cummins, Daimler and Paccar continues despite a shift in U.S. EV policies under the Trump administration. Trucking Dive reports the statements came from Paccar CEO Preston Feight on a Jan. 28 earnings call, with Paccar still planning to invest between $600 million and $900 million. 'If I could remake the decision now, knowing what I know, I'd make the same decision,' Feight said. 'It's a long-term, strategic objective for our company to be able to offer our customers a full portfolio of powertrain choices.' The post Rivian expands commercial van sales, ending Amazon exclusivity appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
10-02-2025
- Automotive
- Yahoo
Rivian Commercial Vans Now Available for Fleets of Any Size
The delivery van, formally named the Rivian Commercial Van (or RCV), can now be ordered for fleets of any size. The change in model comes after four years of exclusivity with Amazon, which ended in November 2023, when Rivian began selling to other customers. Now, regular business can buy the RCV for any fleet, including fleets as small as one vehicle. Pricing starts at $79,900. Small-business owners around the country looking for new delivery options can now order the same Rivian vans that Amazon has been using since 2019. The automaker is still limiting van sales to businesses only, but there's no longer a necessary minimum to make a sale. Rivian first announced the delivery van (now called the Rivian Commercial Van or RCV) in 2019. The announcement came as part of a deal for 100,000 vans brokered with Amazon. The Amazon tie-up included a four-year exclusivity period during which Rivian could only sell the van to Amazon. That exclusivity ended in 2023, when Rivian opened sales to other business partners—but only to customers buying in large quantities. Now, Rivian is opening sales to businesses of any size. Want just one van for your small business? That's perfectly fine. The RCV comes in two configurations: the Delivery 500 and the Delivery 700. The 500 is the smaller of the two. It's got a maximum payload of 2663 pounds and a GVWR (gross vehicle weight rating) of 9500 pounds, and it offers 487 cubic feet of storage. The 700 is slightly longer and wider. Cargo space increases to 652 cubic feet, with the payload dropping to 2258 pounds and the GVWR sticking to 9500 pounds. The powertrain is identical among the pair and houses a single motor that makes 320 horsepower and 299 pound-feet of torque on the front axle. The EPA range estimates are nearly the same, but the smaller 500's 161-mile estimate bests its larger twin by a single mile. Documents from Rivian show that regular AC charging peaks at 11 kW, with DC charging up to 100 kW. Fleet inquiries are live now on Rivian's website. Pricing for the smaller van starts at $79,900, with pricing for the larger van starting at $83,900. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
Yahoo
10-02-2025
- Automotive
- Yahoo
Rivian Opens Sales of The Rivian Commercial Van to Fleets of All Sizes in The US
IRVINE, Calif., February 10, 2025--(BUSINESS WIRE)--Rivian Automotive (NASDAQ: RIVN) has today announced it is opening sales for the Rivian Commercial van to fleets of all sizes in the US. The Rivian Commercial Van is the platform on which Amazon's custom electric delivery van (EDV) is based, and is designed from the ground up, prioritizing safety, driver comfort, total cost of ownership and sustainability. Safety features include automatic emergency braking, collision warnings, and 360-degree visibility – meaning the Rivian Commercial Van is engineered to be among the safest vehicles on the road today. Since the conclusion of Rivian and Amazon's exclusivity period, Rivian has been trialing its commercial van with several large fleets in the US, and preparing its fleet management process for the mass market. These pilots have paved the way to enable Rivian to open sales further. The Rivian Commercial Van comes in two sizes, the 500 and the 700, providing a payload of up to 2,663 lbs and a Gross Vehicle Weight Rating of up to 9,500 lbs. Rivian's in-house software stack controls nearly every interaction, from unlocking the vehicle and opening the door, to charging and acceleration. These tools help streamline the ownership experience, and minimize costs, while increasing safety and productivity. Tom Solomon, Senior Director, Business Development, Rivian said:"Through existing partnerships our commercial vans have already proved incredibly successful. Amazon currently has more than 20,000 in its fleet and delivered over a billion packages from its Electric Delivery Vans in 2024 alone. Over the last year we have been focusing our efforts on testing with some larger fleets, and we're really pleased with how those trials have gone. As a result, we're excited to now be able to open sales to fleets of all sizes in the US, whether they want 1 van or thousands. Our vehicles are designed to not only be among the safest on the road, but will also help fleet owners to reduce the cost of fleet ownership and their carbon footprint." Anyone wanting to register their interest in the Rivian Commercial Van can visit - About Rivian: Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers. The company provides a full suite of services that address the entire lifecycle of the vehicle and stay true to its mission to keep the world adventurous forever. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come. Learn more about the company, products, and careers at View source version on Contacts Media:Harry Porter: media@ Sign in to access your portfolio
