![HyperChange artwork](https://is3-ssl.mzstatic.com/image/thumb/Podcasts123/v4/bb/ec/a0/bbeca02a-776f-e785-a9a9-942e055cb52d/mza_5360620941583846364.jpg/100x100bb.jpg)
Rivian's New $1B+ Business (Vans) ⚡📦
HyperChange
English - December 20, 2023 04:03 - 5 minutes - 4.65 MB - ★★★★★ - 97 ratingsTechnology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Cybertruck Sales Projections
Next Episode: ZBiotics: Curing the Hangover with GMO Bacteria 🦠🔬
Rivian's electric delivery van (EDV) business has quietly been making some huge moves. It generated over $400M in revenue in Q3 alone, and just signed a new partnership with AT&T. Now that Amazon doesn't have exclusive rights to buy the van Rivian will begin to do pilot projects with a bunch of new customers. Surprisingly, the gross margins on the van are strong, and this will be a key driver of the company's march towards profitability. Rivian's van business/fleet business is already at a $1.2B+ run-rate ... how big do you think it can get??