The uncomfortable reality behind Rivian’s new ‘billion-dollar’ e-bike brand

April 28, 2026 at 11:56 AM
Micah Toll

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<div class="feat-image"><img src="https://electrek.co/wp-content/uploads/sites/3/2025/11/ride-also-tm-b-header-1.jpg?quality=82&#038;strip=all&#038;w=1600" /></div><p>A billion-dollar valuation is a headline that’s hard to ignore. And when it’s attached to a new e-bike brand spun out of a company like Rivian, it’s even harder not to get swept up in the excitement.</p> <p>But zoom out for a moment, and a more complicated picture starts to emerge.</p> <a class="more-link" href="https://electrek.co/2026/04/28/the-uncomfortable-reality-behind-rivians-new-billion-dollar-e-bike-brand/#more-461893">more…</a>

<div class="feat-image"><img src="https://electrek.co/wp-content/uploads/sites/3/2025/11/ride-also-tm-b-header-1.jpg?quality=82&#038;strip=all&#038;w=1600" /></div><p>A billion-dollar valuation is a headline that’s hard to ignore. And when it’s attached to a new e-bike brand spun out of a company like Rivian, it’s even harder not to get swept up in the excitement.</p>

<p>But zoom out for a moment, and a more complicated picture starts to emerge.</p>

<a class="more-link" href="https://electrek.co/2026/04/28/the-uncomfortable-reality-behind-rivians-new-billion-dollar-e-bike-brand/#more-461893">more…</a>

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