Rivian shared new details of the Amazon deal. The e-commerce giant will have exclusive rights to Rivian’s delivery vehicles for four years after receiving its first one, and it gets right of first refusal to buy the vans for two years after that.
Quantifying how much of a boost the Amazon deal will be to Rivian is tricky. PitchBook analysts forecast the total Amazon order could bring more than $4.5 billion to Rivian and, more importantly, additional commercial customers.
The unknown price of each van is just one part of the equation. The agreement also includes provisions for recurring revenue for fleet management, such as software updates and running diagnostics. Amazon currently is testing a handful of pre-production vans in cities across the U.S.
Read the article at Autoblog.
