Rivian is working on an electric bike

Rivian, the company best known for its adventure-focused electric truck and SUV, is reportedly working to develop an electric bike.

As reported by Bloomberg, Rivian CEO RJ Scaringe made a companywide announcement on Friday that its next venture would be into the world of electric bikes. According to the report, a "small group of engineers" is already working on it, so Friday's announcement appears to be more of a heads-up than an actual kick-off.

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