Previously, I hadn’t been optimistic about this company’s future, but it appears that things are looking up for them.
I’m surprised Amazon didn’t buy them, given that size of an order.
That might be the next step…
Amazon has a fairly large stake in Rivian, as does Ford
Great application for an EV van. Day travels only - no round the clock use. Short travel, lots of stops for re-gen, home base every night. As long as there is plenty of range at the end of the day this should be perfect use.
Not a lot of profit usually in fleet sales, but it pays the bills and allows expansion.