Electrical truck maker Rivian is reportedly creating an e-bike

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Electrical automobile startup Rivian is reportedly engaged on an e-bike. In keeping with Bloomberg, CEO RJ Scaringe advised Rivian workers of the undertaking throughout a company-wide assembly the automaker held on Friday. He mentioned the startup had a “small group” of engineers engaged on a motorcycle.
Bloomberg couldn’t affirm if Scaringe was referring to an electrical motorbike or bicycle, however the outlet notes Rivian has patents for biking elements and designs. Previously, Scaringe has mentioned Rivian desires to increase into the micromobility market ultimately. Rivian didn’t instantly reply to Engadget’s remark request.
The information that Rivian may very well be engaged on an e-bike is available in the identical week that the corporate introduced layoffs that will have an effect on six % of its workforce. The cuts symbolize the second main restructuring Rivian has undertaken in lower than a 12 months. The corporate mentioned the transfer was an effort to refocus itself on scaling manufacturing of its R1T and R1S EVs and, in flip, put Rivian on the trail to long-term profitability. On Friday, Scaringe reportedly advised workers Rivian had unfold itself skinny by making an attempt to do an excessive amount of without delay.
Making an attempt to increase into the e-bike market when the corporate has but to make a revenue may not make a lot sense, however there’s a compelling motive for Rivian to pursue that technique. Even earlier than the pandemic, the biking market was rising due to the recognition of e-bikes. Actually, electrical bikes have constantly outsold electrical automobiles and vans. It’s no shock since they’re considerably cheaper to provide and thereby value much less for customers to purchase. A motorcycle then may very well be what Rivian must turn into worthwhile sooner.All merchandise advisable by Engadget are chosen by our editorial staff, unbiased of our mum or dad firm. A few of our tales embrace affiliate hyperlinks. If you happen to purchase one thing by means of considered one of these hyperlinks, we could earn an affiliate fee. All costs are appropriate on the time of publishing.

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