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0.0013306719893546 0.0013306719893546 -0.00198935462408514 0 0.00199600798403189 0 0.00326679973386555 0.00266134397870919
Stock impact report

Rivian's E-Bike Spinoff Will Make Autonomous Delivery Bots For Bike Lanes [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian spin-off Also plans to branch out into the autonomous vehicle space. The company, which unveiled its first product last year, announced on Tuesday that it will work with DoorDash to develop and deploy self-driving delivery vehicles. "The intersection of roads and road-adjacent spaces, such as bike lanes, shoulders and curbsides, are the areas that make up the hardest part of the last-mile delivery puzzle," the company said in a press release. "This partnership is focused on unlocking those spaces." DoorDash is investing in Also as part of its $200 million Series C funding round, which values it at $1 billion. ALSO TM-B Also unveiled its first line of products in October : a high-end e-bike called the TM-B, plus a pedal-assist quad called the TM-Q that will be available in both commercial and consumer variants. The vehicles share a basic technology platform that includes a novel pedal-by-wire system and the same battery cells that power Rivians. Its first bikes will be Show less Read more
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