Rivian’s exclusive agreement with Amazon, made in 2019, included provisions that prevented Rivian from selling commercial vans to other customers and provided Amazon with exclusive access to the vans for four years from when it began receiving the EVs. However, Rivian has reiterated its pledge to help Amazon put 100,000 electric vehicles on the road by 2030. Amazon has already rolled out more than 10,000 Rivian-built vans.
Rivian CEO RJ Scaringe said during the investor call that the company has been building relationships with a diverse set of commercial operators, including last-mile and retail. The company plans to come through on Amazon’s goal of putting 100,000 electric vehicles on the road by 2030.
The decision to end the exclusivity agreement with Amazon will allow Rivian to expand its customer base and increase sales of its electric vans. The move is expected to provide a significant boost to the company’s revenue and help it achieve its goal of becoming a leading player in the electric vehicle market.
Rivian and Amazon announced in 2019 that Amazon would buy 100,000 delivery vans that Rivian was developing. At the time Amazon said it would have the vehicles on the road by 2021, but Rivian ran into production problems. Amazon appears confident that Rivian will meet its goals. Earlier this month, the ecommerce giant said it plans to buy 1,000 more electric vans from Rivian.
Rivian has ended its exclusive agreement with Amazon and will now allow other companies to purchase its delivery vans. The decision will provide other companies with more opportunities to electrify their delivery fleets and reduce carbon emissions. Rivian’s move is expected to provide a significant boost to the company’s revenue and help it achieve its goal of becoming a leading player in the electric vehicle market.
