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by kennedy 1282 days ago
The risk is high when investing into a younger company. I think younger companies, like Rivian, tend to collectively attract more talent and more modern ideas. Risky sure, but Rivian seems to gotten amazon's deep pocket investment, which is encourages more trust it would succeed.

Oshkosh has experience with making workhorse trucks (i,e their firetrucks), but their EV initiative is banking on the USPS contract, its like a new startup; As risky as partnering with anyother EV company with just a concept car.

Rivians, for example, already have the talent, manufacturing processes, and financial backing to get USPS trucks much quicker

1 comments

Not to mention the point of public procuration is to bolster nascent industries. USPS must’ve identified something Oshkosh was willing to provide something special.