Rivian's All-Electric Service Vans Ready To Roll In Coming Weeks

EV maker Rivian Automotive Inc RIVN on Saturday said that its all-electric service vans will hit the roads in the coming weeks.

What Happened: There will be more than 200 Rivian Service Vans (RSV) by year-end, the company said in a statement. These vans will meet the service needs of over 35,000 Rivian vehicles.

Services provided by the vans will include maintenance, repair, and vehicle-to-vehicle charging, among others. The vehicles are equipped with a wheel balancer, automated tire changer, air compressor, hydraulic jack and stands, 240V outlet to enable vehicle-to-vehicle charging, and other tools and parts.

"Introducing RSV to the mobile service fleet allows us to continue to lead with a mobile-first strategy, delivering high-quality and convenient service to our customers in a sustainable way," said Rivian Sr. Program Manager of Mobile Service Operations Grady Robbins.

Why It Matters: Earlier this month, Rivian reported first-quarter revenue of $661 million and a loss of $1.25 per share, ahead of Street estimates of a loss of $1.59 per share. It reported production of 9,395 units and 7,946 deliveries.

The company now aims to produce 50,000 units in 2023 including nearly 100 R1T trucks. The company is eyeing raising production numbers further in 2024 and hitting positive gross profit.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: For Rivian, Being Electric Alone Is Not Enough