Rivian will retain substantial minority participation in the new micromobility brand
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- Rivian has launched a new company, also focused on small light electric vehicles.
- He also retains a minority participation, pending future collaborations and joint opportunities.
- Has also received an investment of $ 105 million to extend its micromomability vehicle development efforts.
Rivian has a lot on their plate, but that did not prevent them from creating a new spin-off. Known as Inc, micromomability will focus on “small light vehicles designed to meet the global challenges of today and tomorrow’s mobility.”
According to the car manufacturer, they launched a furtive micromobility program several years ago because they recognized the “massive need for small electric form factors”. The company continued by saying: “As these efforts were advancing, it has become clear that Rivian’s approach had the potential to unlock a great opportunity that deserved to be its own business, optimized around different products, brand positioning and markets.”
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Although few substances are also known, it has received an investment of $ 105 (£ 81.5 / 97.6) million Eclipse Ventures. However, Rivian will retain a “substantial minority property participation” and expect “future collaboration opportunities” such as the use of Rivian stores to also present products.
The CEO of Rivian, RJ Scargen, Siérara to the board of directors as president and he has published a declaration saying: “So that the world fully goes to electrified transport, a range of types of vehicles and formal factors will be necessary.” The executive added: “I am extremely enthusiastic about the innovations developed by the team also underlie a range of very convincing micromobility products which will help define new categories.”
The announcement was welcomed with an upride of shoulder to Wall Street while Rivian Stock is down 1.82% during the drafting of this article. However, with so few details, it is difficult to also get excited, which could simply become a RAN.
