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 »
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Rivian’s VP of Propulsion: Thermal issues are the dominant limiting factor for maximizing EV performance
Charged recently chatted with Rivian’s VP of Propulsion Richard Farquhar to learn more about the design and development of the company’s unique electric platform (read the whole story in our upcoming issue). Farquhar spent 15 years as Powertrain Director at McLaren Automotive, designing and developing some of the highest-performance propulsion systems in the world for… Read more »
Rivian says its battery pack has the highest volumetric energy density in the world, thanks to its cooling strategy
Rivian has been generating a lot of headlines since the November 2018 reveal of its prototype pickup and SUV. The company has scored substantial investments, including $700 million from a group of investors led by Amazon and another $500 million from Ford. That cash was accompanied by a history-making order of 100,000 electric delivery vans… Read more »
Rivian to provide skateboard chassis for electric Lincoln SUV
Last November, Rivian turned heads with its prototype pickup and SUV. Among those impressed was Ford, which invested $500 million in the EV startup and said it would use Rivian’s custom “skateboard” chassis, which includes electric motors, batteries, controls and suspension, to develop its own EV. Now Ford has announced that its first skateboard vehicle… Read more »
Amazon orders 100,000 electric delivery vans from Rivian
Amazon CEO Jeff Bezos has announced a far-reaching plan to reduce his company’s environmental footprint. Amazon’s “Climate Pledge” calls for the retail behemoth to zero out its carbon emissions by 2030. Bezos also challenged other companies to join Amazon in meeting the goals of the Paris climate agreement 10 years ahead of schedule. As part… Read more »
Ford’s collaboration with Rivian is just one of three paths to electrification
The American automakers’ plug-in programs may seem to have stalled, but both GM and Ford have exciting things bubbling beneath the surface, which are expected to burst forth sometime in the next couple of years. Ford has said it plans to invest $11.5 billion to introduce 40 electrified vehicles by 2022, of which 16 will… Read more »
Ford invests $500 million in Rivian, will jointly develop new EV
Rivian, which caught the EV world’s attention with a prototype SUV and pickup truck, has secured an equity investment of $500 million from Ford. Rivian will remain an independent company, and Joe Hinrichs, Ford’s President of Automotive, will join Rivian’s seven-member board. The two companies will also work together to develop a new Ford EV,… Read more »
Rivian secures $700 million in new investment round led by Amazon
Amazon will lead a $700-million investment round in EV startup Rivian Automotive. Also investing in this round is Rivian’s long-term investment partner, Saudi auto distributor Abdul Latif Jameel. Although it was reported earlier that GM was also in talks with Rivian, the automaker is not involved in this round. Rivian has been raising eyebrows since… Read more »
Rivian plans to use dealerships to service its electric trucks and SUVs
Following Tesla’s lead, EV startup Rivian, which turned heads at the LA Auto Show with its prototype electric pickup and SUV, doesn’t plan to use traditional dealerships to sell its vehicles in most areas. Buyers will order Rivians directly from the company – it’s already accepting pre-orders, secured by refundable $1,000 deposits. Unlike Tesla, however,… Read more »
Rivian reveals impressive electric pickup truck and SUV
Love ‘em or hate ‘em, pickup trucks are popular – they made up 16% of US auto sales in 2017 (per Trucks.com). If EVs are to move into the mainstream, somebody needs to produce a mass-market pickup. Startups Workhorse, Havelaar and Bollinger have pickups in the pipeline; Tesla has been talking; and Ford finally feels… Read more »