Electrical truck maker Rivian is reportedly growing an e-bike | Engadget

Electrical automobile startup Rivian is reportedly engaged on an e-bike. In accordance with , CEO RJ Scaringe instructed Rivian workers of the mission 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 verify if Scaringe was referring to an electrical bike or bicycle, however the outlet notes Rivian has patents for biking parts and designs. Previously, Scaringe has stated Rivian needs to develop into the micromobility market finally. Rivian didn’t instantly reply to Engadget’s remark request.

The information that Rivian could possibly be engaged on an e-bike is available in the identical week that the corporate that will have an effect on six p.c of its workforce. The cuts signify 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 instructed workers Rivian had unfold itself skinny by making an attempt to do an excessive amount of directly.

Trying to develop into the e-bike market when the corporate has but to make a revenue won’t 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 automobiles and vans. It’s no shock since they’re considerably cheaper to provide and thereby value much less for shoppers to purchase. A motorcycle then could possibly be what Rivian must turn into worthwhile sooner.