Amazon Starts Road Testing Rivian Electric Vans in Los Angeles
(Bloomberg) -- Amazon.com Inc. began testing the first lot of its Rivian Automotive Inc. electric delivery vans in Los Angeles as it works to fulfill a pledge to meet the goals of the Paris climate accord 10 years early.
The Seattle-based e-commerce company plans to expand the program to 15 more cities this year, it said in a blog post. Amazon, which is backing Rivian along with Ford Motor Co., is buying 100,000 electric vans that are custom-built for Amazon Prime. The first vehicles were due to start making deliveries this year.
Rivian recently raised $2.65 billion in new funding from a group of investors led by T. Rowe Price Group Inc., and is one of a number of startups trying to bring new electric vehicles to market and take on incumbent Tesla Inc., whose shares skyrocketed last year. Rivian plans to build a full-size battery-powered sport-utility vehicle and truck at a plant in Normal, Illinois, a retooled former Mitsubishi Motors Corp. factory.
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