What's Going On With Rivian Automotive Stock Tuesday?

Rivian Automotive, Inc. RIVN partnered with connected transportation solutions provider Geotab for an Integrated Data Solution for its commercial vehicles in North America. 

Rivian’s integrated telematics, alongside Geotab’s fleet management solutions, will empower fleets and enhance profitability, according to a statement.

With access to one unified and easy-to-use dashboard, fleet managers can view their data and measure key insights to help optimize fleet performance and improve mobility.

“Through strategic partnerships, our commercial customers can leverage this rich data, advanced insights, and analytics to increase fleet uptime, optimize vehicle performance and reduce total cost of ownership – all without the need of additional hardware on the vehicle,” said Brandon Blumber, Director – Business Development, Rivian. 

The solution has been announced at the Advanced Clean Transportation Expo. It will utilize embedded telematics in Rivian’s commercial vehicles to enable the seamless integration of vehicle data into the MyGeotab platform. 

“The combination of Rivian’s rich sensor data capabilities accessed via the Geotab platform makes it a reality,” said Rob Minton, Associate Vice President of Connected Car Development at Geotab. 

“The Geotab and Rivian collaboration will supply fleets with a connected solution that is simple to activate, cost-effective and will help fleet managers better manage their fleets through real, quality data insights,” Minton added. 

Price Action: RIVN shares are trading lower by 1.46% to $10.13 at last check Tuesday.

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