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The exclusivity agreement that Amazon struck with Rivian is over early: The automaker said on Tuesday that it will now let other companies buy its electric vans.
Back in 2019, when Amazon pumped more than a billion dollars into Rivian, the online retailer also secured exclusive access to Rivian’s commercial vans. Yet, we learned in March that Rivian was in talks with Amazon to strip out the exclusivity clause ahead of time.
“We’ve always said that we want others to benefit from [Rivian’s] technology in the long run because having more electric delivery vehicles on the road is good for our communities and our planet,” said Amazon transportation boss Udit Madan in a prepared statement. Of course, whatever’s good for Rivian is also good for Amazon; the retailer owns a 17% stake in the EV maker.
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