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Rivian Is Developing An E-bike

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Electric vehicle start-up, Rivian, is said to be working on an e-bike.

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CEO RJ Scaringe informed Rivian employees of the project in a company-wide meeting.

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The company has patents for cycling components and designs.

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The CEO has previously stated the intention to expand into the micromobility market.

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It is unclear if the e-bike will be a motorcycle or bicycle.

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The announcement of the e-bike project came in the same week as company layoffs.

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The layoffs represent the second major restructuring within less than a year.

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The company aims to refocus on scaling production of their electric vehicles and reach profitability.

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The CEO has admitted to spreading the company too thin by trying to do too much at once.

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The growing popularity of e-bikes, particularly electric bikes, could be a way for Rivian to become profitable faster.

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