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2021-11-23

RV Rental Company Outdoorsy Is in Talks with Rivian, Ford for EV Order

(Bloomberg) -- Recreational vehicle rental company Outdoorsy Inc. is in talks with Rivian Automotive

RV Rental Company Outdoorsy Is in Talks with Rivian, Ford for EV Order

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Cavins described the two companies’ collaboration as a “logical and organic alignment,” given Outdoorsy’s focus on nature and camping, but said delivery of the trucks wouldn’t happen until 2023 if Rivian accepted the order. Cavins later added in a statement that Outdoorsy is also talking with Ford about fulfilling part of its order.\nRivian and Ford didn’t immediately respond to emailed requests for comment.\nRivian, which listed on the Nasdaq earlier this month, currently has 55,400 pre-orders, the company said in regulatory filings, and is targeting production of 1,310 vehicles a week. Shares of Rivian have risen 65% since they began trading on Nov. 10\nAustin, Texas-based Outdoorsy was founded in 2015. It has has seen a boom in demand during the pandemic, helping it surpass $1.5 billion in total sales, Cavins said. The company had previously been in advanced talks with a special purpose acquisition company, but instead decided to seek new financing. 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