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Rivian Spin-Off Also Reveals It Will Make Lightweight Electric Vehicles

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Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive with $105 million in Series B funding from venture capital firm Eclipse and will focus on lightweight EVs.
The article from MSN discusses the launch of Iternio, a new company spun off from Rivian, which is known for its electric adventure vehicles. Iternio, formerly Rivian's in-house software team, has developed an app called 'AbetterRouteplanner' (ABRP) that helps electric vehicle (EV) drivers plan their routes with considerations for charging stops. This app has been popular among EV users for its detailed route planning capabilities. Iternio plans to expand its offerings by developing lightweight electric vehicles, aiming to cater to a broader market with potentially more affordable options. The company's focus will be on creating vehicles that are not only efficient but also integrate seamlessly with their route planning technology, enhancing the overall EV driving experience.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/technology/tech-companies/rivian-spin-off-also-reveals-it-will-make-lightweight-electric-vehicles/ar-AA1BHjdx ]