Rivian, known for its large electrical trucks, places its scenes on small and lightweight vehicles.
The Irvin -based automotive company said on Wednesday that it is taking place in Micromobity to a new start -up company also called Inc.
Micromobility includes a variety of vehicles, including electrical bicycles, motorcycles and ski panels.
Rivian said in a press release She started working on Micromobility several years ago and concluded that business should be her own company. Rivian did not specify the type of products that start starting to release and when.
“In order for the entire world to move to the electric transport, a group of vehicles and model factors will be needed,” said RJ Scaringe, the founder of Rivian and CEO.
The move comes at a time when Rivian aims to develop its business while facing challenges such as the problems of the supply chain, regulations and consumers, cautious about spending money amid economic uncertainty.
Screen has already hinted that ruralbian was working on Micromobility. He said at Techcrunch’s Cracking conference In 2022, the company planned to move to smaller vehicles. In 2023, he told the employees that Review was developing an electric bike, Bloomberg I mentioned.
Reminy said it has a “large minority royal share” in, which will be based in Palu Alto.
SCARING will act as Chairman of the Starting Starting Board. The Eclipse Ventures Investment Fund is also investing $ 105 million.
The company refused to provide more details about the project.
Rivian also works on a medium -sized SUV with five seats starting at $ 45,000, which is a lower price compared to its larger vehicles. SUVs known as R2 are expected to be delivered, as SUVs are delivered to customers in the first half of 2026.
In 2024, Rivian reported annual revenues of about $ 5 billion and a net loss of $ 1.2 billion, according to Ceranly. Financial results.
The company’s financial affairs are improved with narrowing losses.
The company announced a total profit of $ 170 million in the fourth quarter of 2024, compared to a loss of $ 606 million during the same period in 2023.
Rivian expects 46,000 to 51,000 cars in 2025.