This collaboration represents AT&T's commitment to lowering transport emissions and potentially reducing maintenance costs. For Rivian, this move signals the end of its exclusive deal with Amazon and hints at potential growth in the fleet vehicle sector.
The agreement, while not disclosing the exact number of vehicles, points to a substantial order. AT&T plans to incorporate Rivian’s Commercial Van and R1 series vehicles, including the R1S and R1T, into their fleet. This initiative aligns with AT&T's goal of achieving carbon neutrality by 2035.
While this deal concludes Rivian's exclusive arrangement with Amazon, AT&T remains Rivian's sole partner for connectivity – a key feature enabling over-the-air updates in Rivian vehicles. This agreement positions Rivian favorably for attracting new fleet customers, potentially leading to increased demand and orders.
This development is promising for Rivian as it approaches a pivotal year. In 2024, the company plans to unveil its new R2 platform, targeting a price range of $40-$60k. Sales are expected to start in 2025, with deliveries commencing the following year. Increasing production in the interim will be crucial for Rivian to enhance its market presence and operational flexibility.
Source: Rivian
