EV startup Rivian’s Q4 2021 Shareholder Letter is reminiscent of the ones we used to see from a certain other Californian EV startup in its idealistic younger days—full of forward-looking technical innovations. Rivian appears to embracing several current trends on the EV scene—going bidirectional and moving towards 800 volts, LFP cells and more in-house production… Read more »
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2022 Rivian R1T: A real pickup truck makes an impressive debut
Could Rivian emerge as “the next Tesla?” On the strength of its debut truck, that’s not an unreasonable question. If you want to attract attention, keeping a company in stealth mode for several years is a good way to do it. The startup carmaker Rivian was founded a decade ago by RJ Scaringe, but it… Read more »
Rivian becomes one of the world’s most valuable automakers—with no revenue
Are investors farsighted or foolhardy? A little of both, in our view—but there’s no question that Wall Street believes in an electric future. EV startup Rivian went public last week, raising nearly $12 billion to give the company a valuation of around $77 billion. Since then, RIVN stock has soared, making the company one of… Read more »
Here come the electric pickup trucks! Rivian R1T in production, Ford boosts investment in F-150 Lightning
A startup EV-maker has won the symbolic victory of producing the first mass-market electric pickup truck. The first production Rivian R1T electric pickup truck has rolled off the assembly line at the company’s factory in Normal, Illinois. “After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line,” wrote… Read more »
Rivian files for IPO at $80 billion valuation
Rivian Automotive has filed for an initial public offering and is seeking a roughly $80 billion valuation, Bloomberg reports. The Irvine, California-based EV startup has submitted its S-1 registration to the Securities and Exchange Commission, and hopes to make its IPO around the Thanksgiving holiday. Among the thundering herd of EV startups, Rivian is widely… Read more »
Rivian rushes to ramp production as it prepares to launch 3 EV models
Bringing a new vehicle into production is an undertaking that has bankrupted many a would-be automaker. EV trend-setter Tesla started out with just one low-volume model, and narrowly survived the experience. Electric truck startup Rivian Automotive plans to launch three new vehicles in the space of a few months. Rivian-watchers say the company is counting… Read more »
Amazon orders 1,800 Mercedes-Benz electric vans
Amazon made a splash in the EV world last September when it ordered 100,000 electric delivery vans from EV startup Rivian. Now the company says it will buy an additional 1,800 electric vans from Mercedes-Benz. The order includes 1,200 large eSprinter electric vans and 600 medium-size eVito electric vans. It represents Mercedes-Benz Vans’ largest order… Read more »
Guidehouse Insights report identifies Rivian, Nio, and Nikola as “leading EV upstarts”
Global interest in plug-in vehicles continues to grow, but Big Auto continues to take only timid and halting steps toward electrification. This presents opportunities for bold new competitors to establish footholds in the auto market of the future. A new report from Guidehouse Insights identifies some of the “leading EV upstarts.” Guidehouse notes that momentum… Read more »
Q&A with Rivian’s VP of Propulsion (Full Interview)
The electromobility revolution is gathering speed, but the world’s EV-makers have fallen behind popular tastes in terms of the form factors auto buyers want, and this has emerged as a roadblock to mass adoption. Buyers love SUVs and pickups, and automakers love the high profit margins associated with these models. Electric SUVs are starting to… Read more »
Rivian raises $1.3 billion in funding
Rivian, an automaker that revealed its prototype electric pickup and SUV in November 2018, has raised $1.3 billion in a recent funding round led by T. Rowe Price Associates. Amazon and Ford also participated in the funding round. Designed as all-terrain EVs, Rivian’s launch products, the R1T pickup and R1S SUV, are notable for their… Read more »