Rivian Automotive, Inc. (NASDAQ: RIVN) and AT&T* have announced today that they have agreed for AT&T to buy Rivian electric vehicles (EVs) for AT&T’s fleet through a pilot program aimed at reducing transport emissions. AT&T plans to start incorporating the Rivian Commercial Van and R1 cars into its fleet by early 2024. The purpose is to assess how these vehicles may enhance safety, save expenses, and decrease the company’s carbon emissions.
AT&T’s business vehicle fleet serves a crucial role in maintaining client connectivity. Using electric vehicles (EVs) from Rivian will enable AT&T to investigate new opportunities in its transition to electric power, which is anticipated to help the corporation achieve its goal of carbon neutrality by 2035.
AT&T has a history of achieving sustainability outcomes in its operations and for its corporate customers. The corporation plans to decrease its fleet emissions to support its objective of being carbon neutral. The strategy involves improving routes, transitioning to hybrid and electric vehicles, and decreasing the overall fleet size. AT&T also used artificial intelligence to enhance the efficiency of its fleet. In general, AT&T travels 20% less distance annually, resulting in a decrease of 51 million pounds in emissions.
Rivian is working together with AT&T to offer fleet vehicles for a trial period. AT&T is the only company that provides connection for all Rivian vehicles in the United States and Canada, which enhances the driving experience by making it more intelligent, secure, and connected. Rivian utilizes AT&T connectivity to regularly enhance its vehicles with over-the-air software updates, providing consumers with new capabilities that enhance their driving experience.
The Rivian Commercial Van was developed with a focus on safety, sustainability, and cost of ownership. The Rivian Commercial Van is designed to be one of the safest cars on the road today, equipped with technologies such as autonomous emergency braking, collision warnings, and 360-degree visibility. The cars operate using Rivian’s in-house software stack, which supports the fleet management system, enhancing efficiency and reducing the overall cost of ownership.
Hardmon Williams, Senior Vice President of AT&T Connected Solutions, expressed enthusiasm about acquiring Rivian electric vehicles for our company’s fleet. This pilot represents another significant milestone in our continuous endeavors to promote sustainability, minimize our carbon emissions, and embrace a more environmentally friendly future for our operations. Rivian is establishing the benchmark for the changing requirements of contemporary transportation with its sophisticated connectivity and commitment to a sustainable future.
Dagan Mishoulam, Vice President of Strategy and Fleet of Rivian stated We are thrilled to partner with AT&T as we join forces to reduce emissions and safeguard our environment. Approximately 25% of carbon dioxide (CO2) released in the transportation industry in the United States originates from commercial vehicles. Therefore, we must take immediate action to reduce emissions to the fullest extent possible. Our cars, which are in a category of their own, have some of the most advanced technology in the industry. They are constantly being enhanced through over-the-air updates. We are anticipating the opportunity to further develop our partnership with AT&T to support their efforts in reaching their climate objectives.
We assist over 100 million American families, friends, and neighbors, as well as almost 2.5 million companies, in accessing increased opportunities. Since the initial phone call over 140 years ago, we at AT&T have continuously innovated to enhance people’s lives with our 5G wireless and multi-gig internet services. To find out more about AT&T Inc. (NYSE: T), please visit our website at about.att.com. Investors can find additional information at investors.att.com.
Rivian’s purpose is to develop goods and services that support the transition to carbon-neutral energy and transportation, benefiting our world. Rivian creates, produces, and distributes innovative electric vehicles and accessories directly to customers in both consumer and commercial markets. Rivian enhances its automobiles with a complete range of exclusive, additional services that cater to the whole lifespan of the vehicle and strengthen its client connections. Find out additional information about the firm, products, and job opportunities at www.rivian.com.
This press release includes information about future events that are subject to the Private Securities Litigation Reform Act of 1995. All statements in this press release that do not pertain to historical facts should be regarded as forward-looking statements. This includes statements about the pilot program with AT&T for the Rivian Commercial Van and R1 vehicles.
The statements in this press release are based on the information we have as of the date of this press release. While we believe this information provides a reasonable basis for these statements, it may be limited or incomplete. Our statements should not be interpreted as indicating that we have thoroughly investigated or reviewed all potentially relevant information.
These claims are inherently uncertain, and investors are advised not to excessively depend on these statements. Although we might choose to revise these forward-looking statements in the future, we do not have any responsibility to do so, even if our perspectives change due to future events.