Rivian Delivers Vehicles To HelloFresh In First Non-Amazon Deal After Ending Its Exclusive Partnership

Benzinga
2025.04.17 10:57
portai
I'm PortAI, I can summarize articles.

Rivian Automotive Inc. has partnered with HelloFresh to add over 70 electric vans to its fleet, marking its first non-Amazon deal after ending its exclusive partnership with Amazon. This collaboration will help HelloFresh save 200 tonnes of CO2, with over a quarter of its fleet now fully electric. Rivian's stock fell 3.53% following concerns over tariffs affecting demand and costs. Rivian continues to offer its R1T and R1S models while preparing to release more affordable options, the R2 and R3.

All-electric car maker Rivian Automotive Inc. RIVN has signed a deal with meal kit company HelloFresh SE HLFFF to add over 70 Rivian Vans to its fleet of commercial vehicles.

What Happened: In an official blog post released by Rivian on Wednesday, the company announced its deal with HelloFresh. The company shares how the deal will help HelloFresh save ‘200 tonnes' of Carbon.

As a result, over a quarter of HelloFresh's fleet is now fully electric, and the company has driven over 250,000 miles since the partnership began. Rivian says the partnership will result in HelloFresh deploying its Rivian fleet in over 14 markets.

Why It Matters: This is the first instance of Rivian supplying its fleet vehicles to other brands, after having ended its exclusive deal with Amazon.com Inc. AMZN. Amazon currently has over 20,000 Rivian fleet vehicles, out of the 100,000 it has ordered from the brand.

It’s worth noting that Rivian stocks fell over 3.53% on Wednesday after U.S. Federal Reserve Chair Jerome Powell warned of higher inflation and slower growth due to the tariffs.

Analysts from Goldman Sachs have shared their concerns with the tariffs and have said they could hurt companies like Rivian amid declining demand and increasing costs.

Rivian CEO and founder RJ Scaringe shared that the company's U.S.-centric supply chain could offer it an edge in the tariff uncertainty, but conceded that the company's aluminum and steel supply chain is ‘a mix.'

Rivian currently offers the R1T pickup truck and the R1S SUV in the U.S. market alongside its fleet vehicles. However, the company is gearing up to release cheaper models like the Rivian R2 and Rivian R3.

Price Action: RIVN currently trades for $11.49 on NASDAQ, according to Benzinga Pro data.

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

Read Next:

  • What’s Going On With Rivian (RIVN) Stock?

Photo courtesy: Michael Berlfein / Shutterstock.com

Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.