Electrical truck maker Rivian is reportedly growing an e-bike

Electrical car startup Rivian is reportedly engaged on an e-bike. In keeping with , CEO RJ Scaringe informed 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 affirm if Scaringe was referring to an electrical motorbike or bicycle, however the outlet notes Rivian has patents for biking elements and designs. Previously, Scaringe has stated Rivian needs to increase into the micromobility market ultimately. Rivian didn’t instantly reply to Engadget’s remark request.

The information that Rivian may very well 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 informed workers Rivian had unfold itself skinny by making an attempt to do an excessive amount of directly.

Trying 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 cause for Rivian to pursue that technique. Even , the biking market was rising because of the recognition of e-bikes. In truth, electrical bikes have constantly outsold electrical vehicles and vehicles. It’s no shock since they’re considerably cheaper to supply and thereby price much less for customers to purchase. A motorbike then may very well be what Rivian must turn out to be worthwhile sooner.