Rivian is launching fleet sales of its once-exclusive van that was only available to Amazon.
On Monday, Rivian officially opened up its order books for any company aiming to purchase the van for a fleet. Currently, this is the only way to place an order for the Rivian Commercial Van (RCV), which differs in a few ways from Rivian’s EDV, which was an Amazon exclusive.
Tom Soloman, Senior Director of Business Development for Rivian, said:
“Through existing partnerships, our commercial vans have already proved incredibly successful. Amazon currently has more than 20,000 in its fleet and delivered over a billion packages from its Electric Delivery Vans in 2024 alone. Over the last year we have been focusing our efforts on testing with some larger fleets, and we’re really pleased with how those trials have gone. As a result, we’re excited to now be able to open sales to fleets of all sizes in the U.S., whether they want one van or thousands. Our vehicles are designed to not only be among the safest on the road but will also help fleet owners to reduce the cost of fleet ownership and their carbon footprint.”
Rivian RCV Models
Rivian is launching two models of the RCV: the Delivery 500 and Delivery 700. The 500 is more compact than the 700 but offers one more mile of range than its larger sibling. Don’t be too impressed, though, because it only is able to travel 161 and 160 miles on a full charge, respectively.
These range ratings are powered by a 100 kWh Lithium Iron Phosphate (LFP) battery pack that is capable of charging speeds of up to 100 kW.
Fast charging is not necessarily needed with these vehicles because, in a fleet setting, they’ll likely be sitting for some period of time hooked up to chargers, giving a full battery to whoever uses them at the beginning of a trip.
Rivian RCV 500 Dimensions:
- Length – 248.5″
- Width – 96.4″ (including mirrors)
- Height – 114.7″
- 6.7″ of ground clearance
- 487 cu. ft. of cargo area
- 137.3″ of cargo length
- Up to 76.5″ of wall-to-wall cargo area
Rivian RCV 700 Dimensions:
- Length – 278″
- Width – 103.5″ (including mirrors)
- Height – 114.8″
- 6.9″ of ground clearance
- 652 cu. ft. of cargo area
- 166.8″ of cargo length
- Up to 83.6″ of wall-to-wall cargo area
Rivian RCV Safety Features
Rivian’s focus on safety was still a main point of emphasis with the RCV. It features all of your typical Driver Assistance and Safety Features that Rivian includes with other vehicles, with a few extras that fit the typical bill of a cargo van:
- Adaptive Cruise Control
- Blind Spot Warning
- Speed Limit Information Function
- Lane Keep Assist
- Lane Departure Warning
- High Beam Assist
- Back-Up Warning System
- Surround Park Assist
- Bird’s Eye Surround Camera
- Enhanced Reverse View
- Automatic Emergency Braking
- Forward Collision Warning
- Rear Cross Traffic Warning
- Dynamic Braking Support
It also features Rivian’s “Driver+” system, which includes a variety of radars, cameras, and sensors to improve safety:
- Five Radars – 1 Center Front Forward, 4 Corners
- Eight Cameras – 2 Center Front Windshield Forward, 2 Side Mirror Backward, 2 Rooftop, 1 Rear Surround View, 1 Interior
- 12 Ultrasonic Sensors
Rivian RCV Driver Features
In an effort to keep drivers focused on the road, comfortable throughout their workday, and safe, Rivian included a variety of features with the RCV.
- Easily Accessible Buttons – All controls are accessible from the steering wheel while driving
- Large, comfortable driver seat
- 15.4″ Center Display – One of the largest of any light-duty commercial vehicle
- Two Wireless Charging Pads
Rivian RCV Pricing
The Rivian RCV starts at $79,900, and fleet orders can be submitted to Rivian directly on their website.
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News
Waymo temporarily halts service in select San Francisco and LA areas amid protests
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

Waymo, Alphabet’s autonomous vehicle subsidiary, has suspended its driverless taxi operations in parts of Los Angeles and San Francisco amid violent protests linked to U.S. Immigration and Customs Enforcement (ICE) raids in the state.
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.
Waymo Catches Strays Amid Anti-ICE Protests
Protests erupted in Los Angeles and San Francisco in response to the Trump administration’s immigration raids, which ultimately resulted in California Governor Gavin Newsom calling the White House’s deployment of National Guard troops unconstitutional.
Amidst the protests, images and videos emerged showing several Waymo robotaxis being defaced and destroyed. At least five Waymo robotaxis ended up being caught in the crossfire, and at least one vehicle ended up being burned to the ground.
The incident resulted in the Los Angeles Police Department advising people to avoid downtown areas due to toxic fumes from the robotaxis’ burning lithium-ion batteries. As noted in a KRON4 report, Waymo ultimately halted service in affected areas “out of an abundance of caution.”
Robotaxi Sentiments
The cost of the attacks is notable. Each Waymo robotaxi is valued between $150,000 and $200,000, per a 2024 Wall Street Journal report. Interestingly enough, this is not the first time that Waymo’s robotaxis ended up on the receiving end of angry protesters. On February 24, a Jaguar I-PACE robotaxi was set ablaze and vandalized by a crowd in San Francisco. Videos taken at the time showed a mob of people attacking the vehicle.
Despite the recent attacks on its robotaxis, Waymo has stated it has “no reason to believe” its vehicles were specifically targeted during the protests, as per a report from The Washington Post. A company spokesperson also noted that some of the Waymo robotaxis that were defaced and destroyed during the violent demonstrations had been completing drop-offs near the protest zones.
Investor's Corner
xAI targets $5 billion debt offering to fuel company goals
Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.
Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.
According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.
Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.
Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.
As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.
News
SpaceX to debut new Dragon capsule in Axiom Space launch
Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.
The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.
As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.
Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.
The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.
“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.
The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.
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