Outdoorsy Inc., a recreational vehicle (RV) rental company, is in talks with Rivian Automotive Inc. and Ford Motor Co. to purchase $100 million of electric SUVs and trucks in the next few years to increase the size of its fleet.
According to a report, Outdoorsy intends to buy approximately 1,000 Rivian trucks. Outdoorsy Chief Executive Officer Jeff Cavins said in an interview on Friday that this will add to its rental platform for customers and employees.
Cavins shared that the partnership between Rivian and Outdoorsy is a “logical and organic alignment” due to Outdoorsy’s emphasis on camping and the outdoors. He said that truck delivery would not be until 2023 should Rivian agree to the deal. Cavins then announced that Outdoorsy is also in discussions with Ford regarding fulfilling a part of its purchase.
Austin, Texas-based Outdoorsy was established in the year 2015. The company has experienced the demand for its products increase in the wake of the pandemic, enabling the company to reach $1.5 billion in revenue, Cavins said. The company was in discussions with a special purpose acquisition firm but chose to pursue a new source of financing.
“Last year, Outdoorsy was the only choice for travel. It was really us, and we got hit with a surge that we had a real hard time keeping up with,” he said. The demand has been steady in 2021 even as air travel has increased, with Outdoorsy bookings rising by 145% over the past year and the company expecting to see further growth in 2022.