Shares of Rivian Automotive rose Monday after the company said it would start selling its all-electric delivery vans to other companies besides Amazon.com. Rivian shares were up 3.4% at $12.90 in midday trading on Monday,

Rivian Automotive Inc. said it will now sell its electric delivery van designed for Amazon.com Inc. to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.

If it gains traction, the commercial van could become a bigger source of revenue amid a broader slowdown in consumer EV uptake.