Electrical truck maker Rivian is reportedly growing an e-bike

Electrical automobile startup Rivian is reportedly engaged on an e-bike. In keeping with , CEO RJ Scaringe informed Rivian staff of the challenge throughout a company-wide assembly the automaker held on Friday. He stated the startup had a “small group” of engineers engaged on a motorcycle.

Bloomberg couldn’t affirm if Scaringe was referring to an electrical bike or bicycle, however the outlet notes Rivian has patents for biking elements and designs. Up to now, Scaringe has stated Rivian desires to increase into the micromobility market finally. Rivian didn’t instantly reply to Engadget’s remark request.

The information that Rivian might be engaged on an e-bike is available in the identical week that the corporate that will have an effect on six % of its workforce. The cuts characterize the second main restructuring Rivian has undertaken in lower than a yr. The corporate stated 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 informed staff 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 , the biking market was rising due to the recognition of e-bikes. The truth is, electrical bikes have persistently outsold electrical vehicles and vehicles. It’s no shock since they’re considerably cheaper to provide and thereby value much less for customers to purchase. A motorcycle then might be what Rivian must grow to be worthwhile sooner.