Rivian has already obtained 68,000 reservations for the R2

Lower than 24 hours after its launch, the Rivian R2 is already proving fairly widespread. The corporate's CEO, RJ Scaringe, stated there have already been “over 68,000 reservations” for the $45,000 mid-size electrical SUV.

“We’re thrilled to see this car join so strongly with our neighborhood!” Scaringe stated in a submit on X.

Rivian unveiled the R2, in addition to the extra compact R3 and R3X, at an occasion in Laguna Seaside, California, on Thursday. The brand new EVs are presupposed to be extra inexpensive than the corporate's present lineup, which is presently made up of the R1T truck and R1S, every of which sells for greater than $70,000.

After all, the restrict to order R2 is kind of low. In line with Rivian's preorder settlement, the deposit is just $100 and is totally refundable. By comparability, when the Mannequin 3 was first introduced in 2016, Tesla charged $1,000 (additionally refundable) to order it. And reservation holders are underneath no obligation to really buy a car if it turns into out there.

Moreover, Rivian is just not required to switch the $6.8 million it obtained in reservation money on to its checking account. In line with the corporate's phrases of service, the cash “might be held in a separate account designated by Rivian for pre-order and might be launched for utility in the direction of the ultimate promoting worth of your chosen car while you execute the ultimate gross sales contract.”

Nonetheless, 68,000 reservations are an indication that at the very least that many individuals are desirous to line up and anticipate the Rivian R2 to change into a actuality. And the corporate hasn't even opened reservations for the R3 or R3X, which might be cheaper and are producing much more buzz than the R2.