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Wikipedia

Rivian

May 06, 2023

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies. An electric delivery van (Rivian EDV) is also being built as part of a partnership with Amazon.[6] Rivian started deliveries of its R1T pickup truck in late 2021. The company plans to build an exclusive charging network in the United States and Canada by the end of 2023.[7]

Rivian Automotive, Inc.
Formerly
  • Mainstream Motors
  • Avera Automotive
TypePublic company
ISINUS76954A1034
Industry
FoundedJune 2009; 13 years ago (2009-06)
FounderR. J. Scaringe
Headquarters
Irvine, California
,
U.S.[1]
Number of locations
51 service centers (2022)
Area served
United States
Key people
  • R. J. Scaringe (CEO)
Products
Production output
 24,337 vehicles (2022)
Services
Revenue US$1.66 billion (2022)
US$−6.8 billion (2022)
US$−6.7 billion (2022)
Total assets US$17.9 billion (2022)
Total equity US$13.8 billion (2022)
Owner
Number of employees
14,122 (December 2022)
Websiterivian.com
Footnotes / references
[4][5]

Rivian is based in Irvine, California, with its manufacturing plant in Normal, Illinois, and other facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Vancouver, British Columbia; Wittmann, Arizona; and Woking, England.[8][9] Additionally, Rivian has plans to build another US$5 billion factory in Georgia.[10]

The company raised over US$13.5 billion in financing following its IPO in November 2021.[11][12][13]

History

The company was founded in 2009 as Mainstream Motors by Robert "RJ" Scaringe.[14] After being renamed as Avera Automotive[15] or Avera Motors, and finally Rivian Automotive in 2011 (a word play on the Indian River in Florida, where Scaringe grew up),[16] the company began focusing on autonomous and electric vehicles.[17]

Rivian's first car model was intended to be a sports car. This vehicle, dubbed the R1, was prototyped as a mid-engine hybrid coupe for the U.S. market, designed by Peter Stevens.[18] However, it was shelved in late 2011 as Rivian looked to restart its business in an effort to have a larger impact on the automotive industry.[19]

Rivian received a large investment and grew significantly in 2015, opening research facilities in Michigan and the San Francisco Bay Area.[20] Shortly thereafter, Rivian began working exclusively on electric autonomous vehicles, in an attempt to build a network of related products.[21] It also began gearing its prototypes toward the "ride-sharing and driverless car markets."[22]

By September 2016, Rivian was negotiating to buy a manufacturing plant formerly owned by Mitsubishi Motors in Normal, Illinois.[20][23][24] In January 2017, Rivian acquired the plant and its manufacturing contents for $16 million, with the plant to become Rivian's primary North American manufacturing facility.[20][21][23][25] Rivian's acquisition of a near production-ready facility instead of building a new factory has been likened to Tesla's acquisition of the NUMMI plant in California.[25][23]

In December 2017, Rivian revealed its first two products: an electric five-passenger pickup truck and an electric seven-passenger SUV,[26][17] provisionally named the A1T and A1C, respectively. In November 2018, the truck and SUV were renamed the R1T and R1S, respectively, and unveiled at the LA Auto Show.[17][27][28][29] Both vehicles were described as ready for rough terrain and semi-autonomous, and the company outlined a plan for its next generation of models to be fully autonomous.[28] Production was scheduled to begin in 2020.[26]

Rivian had 250 employees at the start of 2018.[26] By February 2019, however, Rivian was employing 750 people[30] across facilities in Michigan, Illinois, California, and the United Kingdom. In November 2020, Rivian employed 3,000-plus workers.[31] Over the span of another year, employment roughly tripled, and in November 2021, Rivian was listed as having 9,000-plus employees.[32]

In late 2020, Rivian planned to begin shipments of the R1T in June 2021.[31] The June 2021 date later slipped to August. By August, vehicle shipments were delayed again, partly due to the global shortage of chips.[33] In September 2021, Rivian became the first automaker to bring a fully electric pickup to the consumer market, beating industry mainstays such as GM, Ford, and Tesla.[34] In October 2021, Rivian began delivering the R1T truck to customers.[35]

On November 10, 2021, Rivian became a public company through an IPO. 153 million shares were sold at an initial offering price of $78.00, valuing the company at $66.5 billion. The shares began trading on the Nasdaq under the ticker "RIVN." On its first trading day, the stock closed at $100.73 per share, valuing the company at just under $100 billion.[36]

On November 19, 2021, Ford and Rivian announced that the two automakers no longer plan to co-develop an electric vehicle. Ford announced the company would retain a 12 percent stake in Rivian, which reached a value of more than $10 billion after the IPO.[37] Ford sold around 90 percent of its stake in Rivian for $3 billion by the end of 2022, an increase from its $1.2 billion investment.[38]

In December 2021, at the same time that Rivian began to deliver its R1S SUVs, Rivian's chief operations officer, Rod Copes, stepped down and retired from the company as it began to ramp up production of its vehicles.[39][40]

On March 1, 2022, Rivian announced price increases of 17% for the R1T and 20% for the R1S, citing a shortage of semiconductors and higher costs for other components.[41] There was immediate backlash from customers that had previously made reservations as the price hike would also affect their preorders.[42] Rivian later apologized for the retroactive price increases and stated that the original configured price would be honored for anyone with a Rivian preorder as of the March 1 pricing announcement.[43]

On March 14, 2022, Rivian announced the company hired Frank Klein as its COO (chief operations officer). Klein began on June 1, 2022.[44]

In March 2022, Rivian made it to TIME's List of 100 Most Influential Companies of the year 2022.[45]

On July 27, 2022, Rivian announced it would reduce its workforce by 6% in response to high inflation, rising interest rates, and an increase in parts prices.[46]

In August 2022, regulatory filings revealed that investor George Soros sold roughly 8.5 million of shares of the company while at the same time buying Tesla and Ford.[47]

In September 2022, Rivian signed an MoU with Mercedes-Benz Group to establish a joint venture to invest in and operate a factory in Europe, producing large commercial electric vans starting in a "few years." The facility will have a common assembly line to produce a different design for each company.[48][49] The New York Times characterized the move as "a rare example of cooperation between a traditional carmaker and a new challenger" and noted that Mercedes' extensive experience in manufacturing may allow Rivian to overcome its own issues with it.[50] Rivian said this planned partnership would not go forward with this plan in December 2022 but stated that future collaborations may still be possible.[51]

In October 2022, Rivian issued a recall of 13,000 vehicles after a manufacturing error was found.[52][53]

In January 2023, The Wall Street Journal reported the company experienced the departure of multiple top executives in recent months, including some that were among its longest-tenured employees, in what was referred to as a "challenging period for Rivian."[54]

Vehicles

Designed to be capable off-road, both R1 models have 14 in (360 mm) of ground clearance.[28] The truck was claimed in early testing to be able to accelerate from 0–60 mph (0–97 km/h) in under 3 seconds, wade through 3 ft 7 in (1.1 m) of water and climb a 45 degree incline.[28] The truck has a motor near each of the four wheels, and like some competitors, each wheel can be controlled interdependently.[55] According to Engadget, "the most expensive models will reach around 450 miles [720 km] on a charge and feature [an] 800HP [600 kW] electric motor Scaringe stated would beat Italian supercars."[28] Rivian has said it is designing the vehicles to facilitate "carsharing" with their autonomous features.[56] In addition, Rivian announced the intention to make an electric delivery van (EDV) in three different sizes, capable of carrying 500, 700 or 900 cubic feet (14, 20 or 25 m3) of packages.[57] All three EDVs would share their basic electrical and network architecture, ECUs and battery packs with the Rivian R1 models.[57]

As of December 2021, Rivian reported that it has over 71,000 pre-orders for its R1 models.[40] They produced a total of 24,337 cars in 2022. A recall of 13,000 vehicles was issued in October 2022 due to a potential loose fastener.[58]

R1T

Main article: Rivian R1T
 
Rivian R1T

The R1T features four electric motors, two located on each axle (front and rear). The front two motors produce 415 hp (309 kW) and 413 lb⋅ft (560 N⋅m) of torque while the rear two motors produce 420 hp (310 kW) and 495 lb⋅ft (671 N⋅m) of torque.[59] The result is a Rivian-claimed 0–60 mph (0–97 km/h) time of 3.0 seconds.[60]

The Rivian R1T is offered with three battery sizes: 105 kWh, 135 kWh, or 180 kWh.[61] The R1T has a projected range of 230 miles (370 km) with the smallest battery, 314 miles (505 km) with the medium battery and over 400 miles (640 km) with the largest battery. Extra batteries can be mounted in the R1T's bed for improved range. Those backup/auxiliary batteries can be charged by another R1T, if no charging infrastructure is available.[62]

In December 2021, the R1T was named the Motor Trend Truck of the Year.[63]

In August 2022, the company announced it would eliminate the base model of the R1T, called the Explore package, due to low customer demand, and would emphasize the Adventure model. The company said this would help it "streamline" its supply chain issues and deliver as many vehicles as possible.[64][65][66]

 
Rivian R1S SUV

R1S

Main article: Rivian R1S

The R1S is a sport utility vehicle version of the first Rivian platform. Because of a shared electric chassis, the R1S design aimed, as of 2018, to have 91 percent shared components with the R1T.[28] The chassis includes braking, suspension and cooling systems with a battery in the center.[67] Rivian's skateboard platform is a relatively flat, low center of gravity chassis typical of electric vehicles, which enables straightforward modification for different body types.[68][67]

Electric Delivery Van (EDV)

Main article: Rivian EDV
 
Rivian EDV

Rivian entered into a commercial agreement with its investor Amazon, Inc. in February 2019. By September 2019, Amazon's Logistics division had agreed to collaborate with Rivian to design, produce, and purchase 100,000 electric delivery vehicles (EDVs). Initial plans suggested a first delivery date in 2021.[69][13] As of 2019, Amazon expected to have as many as 10,000 electric vans in operation by 2022, but was not planning to take delivery of the entire 100,000 Rivian vans the contract calls for until 2030.[70] In November 2022, Rivian announced that it had delivered 1,000 EDVs to Amazon. The Rivian collaboration is part of Amazon's plan to convert its delivery fleet to 100% renewable energy by 2030.[71]

The van is slated to be built in three sizes, carrying 14 m3 (500 cu ft), 20 m3 (700 cu ft), or 25 m3 (900 cu ft) of packages, each with the same stand-up interior height, but with a narrower smallest model. All of the vans will be built on the same platform, which shares the same electrical and network architecture, ECUs, and battery-pack design with the Rivian R1T/R1S models; most will use a basic single-motor e-axle drive unit driving the front wheels. The van is to be produced exclusively for Amazon, and will be built with a steel chassis on a "low-feature-content" assembly line to keep costs down. The van is explicitly designed to allow Amazon to reduce costs and shrink its carbon footprint.[72]

A 150-mile (240 km) prototype for the Amazon electric delivery van was tested on public roads in early 2021. Testing began in Los Angeles[73] and San Francisco.[74] By April 2021, testing was being conducted in Denver[75] with plans to test in 16 U.S. cities in different climate zones. Tests in Oklahoma and Michigan were underway by July 2021.[74]Amazon contracted Rivian to eventually deliver 100,000 electric delivery vans. Amazon also will source electric vans and three-wheelers from other OEMs, such as Stellantis, Mercedes-Benz Group, and Mahindra.[76] Deployment of the electric delivery vans began in nine U.S. cities in July 2022.[77]

Under terms of a 2019 agreement, Rivian was required to sell all of the vans it makes to Amazon. In early 2023, it was reported that Amazon had notified Rivian that it wanted to buy about 10,000 vans during the year. As this was at the low end of a range previously provided to the auto maker, in response Rivian sought to remove the exclusivity terms of the agreement. If Amazon agrees to end the exclusivity arrangement, Rivian would be free to seek new commercial customers for the vans.[78]

EV charging

In March 2021, Rivian announced ambitious plans to develop a network of public charging stations across the United States and Canada by the end of 2023. Usage will be restricted to Rivian owners only. Similar to competitor Tesla, it plans to offer a combination of fast chargers and slower destination chargers and also sell home chargers.[7] The target for the charging network is set for 600 Rivian-exclusive Adventure Network sites made up of 3,500 DC fast chargers at high-traffic locations; 200 kW will be the initial charging speed, with an eventual target of 300 kW.[7]

The company is also planning 10,000 destination chargers (Level 2, 11.5 kW)—called "Rivian Waypoints"—at retail, lodging and dining businesses, as well as parks and other locations; Waypoint chargers are designed to be usable by all electric vehicles with a J1772 connector.[79] Starting July 2021, Rivian planned to install two Rivian Waypoint chargers at up to 50 Colorado State Parks and state recreation areas.[80][81][82] However, by October, none had yet been installed as the contract was still making its way through state government bureaucracy with first installations expected in early 2022.[83] In September 2021, the first Waypoint 11.5 kW chargers were installed near Moab, Utah.[84][85]

In July 2021, Rivian and the state of Tennessee announced plans to install Waypoint chargers at all 56 Tennessee state parks, saying that "Rivian will begin site surveys and engineering over the summer, with installation beginning as early as fall 2021".[86][87] The first site, Radnor Lake State Park, was unveiled on October 1, 2021.[88]

Facilities

 
First Rivian R1T rolls off the Normal, Illinois, assembly line, September 2021.

Rivian is headquartered in Irvine, California, with its location focusing on vehicle engineering and design, propulsion and battery system development, and commercial functions. Rivian's sole production factory in Normal, Illinois,[23][21][89] manufactures vehicle components, such as battery packs.[17] The 2.6-million-square-foot (240,000 m2) plant has a paint shop, robotics, stamping machines, and other production equipment,[25][23] such as injection molding.[89] Rivian's facility in Plymouth, Michigan, focuses on vehicle engineering, prototyping, supply chain, and accounting. Rivian's facility in Palo Alto, California, focuses on software development and engineering, including self-driving features.[90][91] The company has additional office locations in Carson, California, and Woking, England, working on electric power conversion and advanced engineering, respectively.[92][93]

Rivian's Normal factory has steadily grown over the years. In July 2020, Rivian's plans for additions totaling 576,000 sq ft to its production facility were approved by the town council.[94] In October 2021, Rivian made public plans to grow the facility with a 623,000 sq ft (57,900 m2) addition to be built on the west side of the existing facility, which if built would bring the total Rivian facility size to 3,900,000 sq ft (360,000 m2).[95]

In December 2021, Rivian announced plans to build a $5 billion battery and assembly plant east of Atlanta. Construction is planned to begin in summer 2022 with car production beginning in 2024 with plans to manufacture up to 400,000 vehicles a year. The plant is currently projected to employ 7,500 workers with possible growth to 10,000 workers.[96] Some locals are opposed to the Rivian plant with reasons such as environmental concerns and government costs, including Georgia proposing to allocate $125 million for costs associated with the factory.[97]

Finances

As of December 2021, Rivian is a public company trading under the symbol RIVN on the Nasdaq stock exchange.

Funding

From initial seed stage capital invested by CEO Scaringe in 2009 to its final $2.5 billion round in 2021, Rivian secured 10 rounds of private funding to support the completion of development of line of its vehicles and build out to support production.[98][99] On November 10, 2021, the company completed its initial public offering, raising $13.5 billion.[13]

Private capital funding

2011 – The company filed a Form D, reporting debts and warrants totaling $250,000.[100]

2012 – The company filed a second Form D, reporting debts and warrants totaling $1 million[101] Jeddah-based investment firm Abdul Latif Jameel claims to have been the company's earliest investor.[102][103]

2013–2016 – There were no filings or announcements of funding for Rivian. Cumulative funding remained at $1.25 million.[104]

2017 – In January 2017, at the time the company acquired the former Mitsubishi plant in Normal, Illinois, Rivian received a $1 million grant and a five-year tax abatement from Normal, contingent on meeting certain employment targets and investing $40.5 million over five years.[21] Rivian also received $49.5 million in tax credits from the Illinois state government;[25] these credits are also contingent upon meeting employment targets and investing at least $175 million into the site by 2024.[23]

Sumitomo Corporation made a "large strategic investment" in Rivian in December 2017. The amount was not disclosed.[26][56][105]

2018 – Announced on May 23, 2018, Rivian closed on $200 million in debt financing from Standard Chartered Bank,[17] bringing total raised funds to upwards of $450 million.[105] Other backers at the time included existing investors Abdul Latif Jameel and Sumitomo Corporation.[17][106]

2019–2020 – Announced on February 15, 2019, Amazon led an investment round of $700 million into Rivian. The round included participation from existing shareholders.[107]

Announced on April 24, 2019, Ford Motor Company invested $500 million at a pre-money valuation of $4.5 billion.[108]

Announced on September 10, 2019, Cox Automotive invested $350 million into Rivian, bringing the total raised in 2019 to $1.5 billion. Rivian remained independent, but Cox Automotive planned to add a representative to Rivian's board as part of the investment.[109]

On November 19, 2021, Ford and Rivian announced that they no longer plan to co-develop an electric vehicle. Originally, both companies had planned the joint development of a vehicle for Ford's luxury Lincoln brand. Those plans were canceled in 2020.[110][111] Ford continued to hold a stake in Rivian, valued at over $10 billion as of November 2021.[112]

In December 2019, Rivian announced it raised US$1.3 billion in a round led by investment manager T Rowe Price with existing investors Ford and Amazon, alongside new investors London/New York firm Pario Ventures and BlackRock-managed funds.

2021 – Announced on January 19, 2021, Rivian raised $2.65 billion led by existing investor T. Rowe Price alongside Soros Fund Management, Fidelity Management & Research, Coatue Management, BlackRock-managed funds, Abdul Latif Jameel, and Amazon, now through its Climate Pledge Fund, plus new investors D1 Capital Partners.[113] Abdul Latif J holds almost 114 million shares in Rivian acquired through $303 million of loans made to the company.[114] Bloomberg estimated the company's value at nearly $28 billion.[115][116]

Announced on July 23, 2021, Rivian raised $2.5 billion in a round led by Amazon's Climate Pledge Fund, D1 Capital Partners, and Ford Motor Company, alongside existing investors T. Rowe Price, Coatue Management, Fidelity Management & Research. New investors Third Point Ventures and Dragoneer Investment Group joined the round.[99]

Public company

In August 2021, Rivian filed for an initial public offering, seeking a valuation as high as $80 billion.[117] By then, the firm had raised a total of approximately $11 billion.[118]

In November 2021, Rivian completed its IPO with net proceeds to the firm of $13.5 billion.[13] While initial price targets were in the $58 to $62 range, the actual offering price was $78.00 per share. On its first trading day on November 10, the stock closed at $100.73 per share with a market value of just under $100 billion.[36] At that value, it was worth more than General Motors or Ford and was behind only Tesla in terms of the market cap of automakers. CEO R.J. Scaringe's ownership of 17.6 million shares was worth approximately $2 billion.[119]

Amazon purchased $200 million of stock in the IPO, raising its total stake in Rivian to 22%.[120] Previously, in October 2021, Amazon stated that it owned a 20% stake in the company.[121]

The stock peaked at a closing price of $146.07 on November 13, 2021.[122] From there, the stock price fell more or less continuously during the tech sell-off of winter/spring 2022 to reach $30.68 on April 26, 2022.[123] The market value at the end of April 2022 had declined to roughly $29 billion, a loss of 79 percent.[124] At the beginning of May 2022 the stock price fell further, closing at an all-time low of $22.78 on May 9, 2022, the decline from the peak in November 2021 being nearly 85 percent.[125]

Collaborations

On December 20, 2018, professional rock climber Alex Honnold announced his partnership with Rivian as a brand partner and collaborator.[126][127] During a live stream on June 15, 2019, Rivian announced plans to collaborate with the Honnold Foundation and nonprofit Casa Pueblo on a solar project aiming to establish a microgrid in Adjuntas, Puerto Rico, a city that was severely affected by Hurricane Maria in 2017.[128][129][130] Rivian planned to repurpose used battery packs from its development vehicles into stationary energy storage units.[129][130] The microgrid is intended to grant residents access to electricity for core business and will be used daily to mitigate the high cost of energy in Puerto Rico, which is twice the U.S. national average.[129] The project was expected to launch in 2020.[129]

In 2019, Rivian partnered with actors Ewan McGregor and Charley Boorman to provide the first ever production pickups (VIN 000001 and 000002) for use as logistics vehicles and camera cars for the British TV series Long Way Up. They also set up 240 level 2 and level 3 charging stations at 140 locations, along the route from Tierra del Fuego to Los Angeles.[131]

Rivian partners with Yakima for their roof racks (bike, kayak, surfboard etc) and rooftop tents, and MAXTRAX for their recovery boards.[132][133]

Lawsuits and controversies

In July 2020, Tesla sued Rivian for allegedly stealing proprietary information, as well as for poaching employees.[134]

In March 2021, the Illinois Automobile Dealers Association filed a lawsuit against Rivian and fellow EV manufacturer Lucid Motors for their plans to sell electric vehicles directly to consumers.[135][136]

In November 2021, Rivian's former sales and marketing vice president Laura Schwab filed a suit against the company, claiming she was fired a month after raising concerns of discrimination and Rivian being a "boys' club" to the company's HR department. Schwab also claimed that she warned company executives of their vehicles being underpriced and the manufacturing process not conforming to security standards.[137] According to the lawsuit, issues she raised were ignored until male colleagues also raised them subsequently.[138]

See also

References

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May 06, 2023
rivian, automotive, american, electric, vehicle, manufacturer, automotive, technology, company, founded, 2009, building, electric, sport, utility, vehicle, pickup, truck, skateboard, platform, that, support, future, vehicles, adopted, other, companies, electri. Rivian Automotive Inc is an American electric vehicle manufacturer and automotive technology company founded in 2009 Rivian is building an electric sport utility vehicle SUV and pickup truck on a skateboard platform that can support future vehicles or be adopted by other companies An electric delivery van Rivian EDV is also being built as part of a partnership with Amazon 6 Rivian started deliveries of its R1T pickup truck in late 2021 The company plans to build an exclusive charging network in the United States and Canada by the end of 2023 7 Rivian Automotive Inc FormerlyMainstream MotorsAvera AutomotiveTypePublic companyTraded asNasdaq RIVNNasdaq 100 componentISINUS76954A1034IndustryAutomotiveEnergy storageFoundedJune 2009 13 years ago 2009 06 FounderR J ScaringeHeadquartersIrvine California U S 1 Number of locations51 service centers 2022 Area servedUnited StatesKey peopleR J Scaringe CEO ProductsElectric vehiclesBatteriesProduction output24 337 vehicles 2022 ServicesElectric vehicle charging 2 Vehicle insurance 3 RevenueUS 1 66 billion 2022 Operating incomeUS 6 8 billion 2022 Net incomeUS 6 7 billion 2022 Total assetsUS 17 9 billion 2022 Total equityUS 13 8 billion 2022 OwnerAmazon 18 1 Abdul Latif Jameel 12 7 Number of employees14 122 December 2022 Websiterivian wbr comFootnotes references 4 5 Rivian is based in Irvine California with its manufacturing plant in Normal Illinois and other facilities in Palo Alto California Carson California Plymouth Michigan Vancouver British Columbia Wittmann Arizona and Woking England 8 9 Additionally Rivian has plans to build another US 5 billion factory in Georgia 10 The company raised over US 13 5 billion in financing following its IPO in November 2021 11 12 13 Contents 1 History 2 Vehicles 2 1 R1T 2 2 R1S 2 3 Electric Delivery Van EDV 3 EV charging 4 Facilities 5 Finances 5 1 Funding 5 1 1 Private capital funding 5 1 2 Public company 6 Collaborations 7 Lawsuits and controversies 8 See also 9 References 10 External linksHistory EditThe company was founded in 2009 as Mainstream Motors by Robert RJ Scaringe 14 After being renamed as Avera Automotive 15 or Avera Motors and finally Rivian Automotive in 2011 a word play on the Indian River in Florida where Scaringe grew up 16 the company began focusing on autonomous and electric vehicles 17 Rivian s first car model was intended to be a sports car This vehicle dubbed the R1 was prototyped as a mid engine hybrid coupe for the U S market designed by Peter Stevens 18 However it was shelved in late 2011 as Rivian looked to restart its business in an effort to have a larger impact on the automotive industry 19 Rivian received a large investment and grew significantly in 2015 opening research facilities in Michigan and the San Francisco Bay Area 20 Shortly thereafter Rivian began working exclusively on electric autonomous vehicles in an attempt to build a network of related products 21 It also began gearing its prototypes toward the ride sharing and driverless car markets 22 By September 2016 Rivian was negotiating to buy a manufacturing plant formerly owned by Mitsubishi Motors in Normal Illinois 20 23 24 In January 2017 Rivian acquired the plant and its manufacturing contents for 16 million with the plant to become Rivian s primary North American manufacturing facility 20 21 23 25 Rivian s acquisition of a near production ready facility instead of building a new factory has been likened to Tesla s acquisition of the NUMMI plant in California 25 23 In December 2017 Rivian revealed its first two products an electric five passenger pickup truck and an electric seven passenger SUV 26 17 provisionally named the A1T and A1C respectively In November 2018 the truck and SUV were renamed the R1T and R1S respectively and unveiled at the LA Auto Show 17 27 28 29 Both vehicles were described as ready for rough terrain and semi autonomous and the company outlined a plan for its next generation of models to be fully autonomous 28 Production was scheduled to begin in 2020 26 Rivian had 250 employees at the start of 2018 26 By February 2019 however Rivian was employing 750 people 30 across facilities in Michigan Illinois California and the United Kingdom In November 2020 Rivian employed 3 000 plus workers 31 Over the span of another year employment roughly tripled and in November 2021 Rivian was listed as having 9 000 plus employees 32 In late 2020 Rivian planned to begin shipments of the R1T in June 2021 31 The June 2021 date later slipped to August By August vehicle shipments were delayed again partly due to the global shortage of chips 33 In September 2021 Rivian became the first automaker to bring a fully electric pickup to the consumer market beating industry mainstays such as GM Ford and Tesla 34 In October 2021 Rivian began delivering the R1T truck to customers 35 On November 10 2021 Rivian became a public company through an IPO 153 million shares were sold at an initial offering price of 78 00 valuing the company at 66 5 billion The shares began trading on the Nasdaq under the ticker RIVN On its first trading day the stock closed at 100 73 per share valuing the company at just under 100 billion 36 On November 19 2021 Ford and Rivian announced that the two automakers no longer plan to co develop an electric vehicle Ford announced the company would retain a 12 percent stake in Rivian which reached a value of more than 10 billion after the IPO 37 Ford sold around 90 percent of its stake in Rivian for 3 billion by the end of 2022 an increase from its 1 2 billion investment 38 In December 2021 at the same time that Rivian began to deliver its R1S SUVs Rivian s chief operations officer Rod Copes stepped down and retired from the company as it began to ramp up production of its vehicles 39 40 On March 1 2022 Rivian announced price increases of 17 for the R1T and 20 for the R1S citing a shortage of semiconductors and higher costs for other components 41 There was immediate backlash from customers that had previously made reservations as the price hike would also affect their preorders 42 Rivian later apologized for the retroactive price increases and stated that the original configured price would be honored for anyone with a Rivian preorder as of the March 1 pricing announcement 43 On March 14 2022 Rivian announced the company hired Frank Klein as its COO chief operations officer Klein began on June 1 2022 44 In March 2022 Rivian made it to TIME s List of 100 Most Influential Companies of the year 2022 45 On July 27 2022 Rivian announced it would reduce its workforce by 6 in response to high inflation rising interest rates and an increase in parts prices 46 In August 2022 regulatory filings revealed that investor George Soros sold roughly 8 5 million of shares of the company while at the same time buying Tesla and Ford 47 In September 2022 Rivian signed an MoU with Mercedes Benz Group to establish a joint venture to invest in and operate a factory in Europe producing large commercial electric vans starting in a few years The facility will have a common assembly line to produce a different design for each company 48 49 The New York Times characterized the move as a rare example of cooperation between a traditional carmaker and a new challenger and noted that Mercedes extensive experience in manufacturing may allow Rivian to overcome its own issues with it 50 Rivian said this planned partnership would not go forward with this plan in December 2022 but stated that future collaborations may still be possible 51 In October 2022 Rivian issued a recall of 13 000 vehicles after a manufacturing error was found 52 53 In January 2023 The Wall Street Journal reported the company experienced the departure of multiple top executives in recent months including some that were among its longest tenured employees in what was referred to as a challenging period for Rivian 54 Vehicles EditDesigned to be capable off road both R1 models have 14 in 360 mm of ground clearance 28 The truck was claimed in early testing to be able to accelerate from 0 60 mph 0 97 km h in under 3 seconds wade through 3 ft 7 in 1 1 m of water and climb a 45 degree incline 28 The truck has a motor near each of the four wheels and like some competitors each wheel can be controlled interdependently 55 According to Engadget the most expensive models will reach around 450 miles 720 km on a charge and feature an 800HP 600 kW electric motor Scaringe stated would beat Italian supercars 28 Rivian has said it is designing the vehicles to facilitate carsharing with their autonomous features 56 In addition Rivian announced the intention to make an electric delivery van EDV in three different sizes capable of carrying 500 700 or 900 cubic feet 14 20 or 25 m3 of packages 57 All three EDVs would share their basic electrical and network architecture ECUs and battery packs with the Rivian R1 models 57 As of December 2021 Rivian reported that it has over 71 000 pre orders for its R1 models 40 They produced a total of 24 337 cars in 2022 A recall of 13 000 vehicles was issued in October 2022 due to a potential loose fastener 58 R1T Edit Main article Rivian R1T Rivian R1T The R1T features four electric motors two located on each axle front and rear The front two motors produce 415 hp 309 kW and 413 lb ft 560 N m of torque while the rear two motors produce 420 hp 310 kW and 495 lb ft 671 N m of torque 59 The result is a Rivian claimed 0 60 mph 0 97 km h time of 3 0 seconds 60 The Rivian R1T is offered with three battery sizes 105 kWh 135 kWh or 180 kWh 61 The R1T has a projected range of 230 miles 370 km with the smallest battery 314 miles 505 km with the medium battery and over 400 miles 640 km with the largest battery Extra batteries can be mounted in the R1T s bed for improved range Those backup auxiliary batteries can be charged by another R1T if no charging infrastructure is available 62 In December 2021 the R1T was named the Motor Trend Truck of the Year 63 In August 2022 the company announced it would eliminate the base model of the R1T called the Explore package due to low customer demand and would emphasize the Adventure model The company said this would help it streamline its supply chain issues and deliver as many vehicles as possible 64 65 66 Rivian R1S SUV R1S Edit Main article Rivian R1S The R1S is a sport utility vehicle version of the first Rivian platform Because of a shared electric chassis the R1S design aimed as of 2018 update to have 91 percent shared components with the R1T 28 The chassis includes braking suspension and cooling systems with a battery in the center 67 Rivian s skateboard platform is a relatively flat low center of gravity chassis typical of electric vehicles which enables straightforward modification for different body types 68 67 Electric Delivery Van EDV Edit Main article Rivian EDV Rivian EDV Rivian entered into a commercial agreement with its investor Amazon Inc in February 2019 By September 2019 Amazon s Logistics division had agreed to collaborate with Rivian to design produce and purchase 100 000 electric delivery vehicles EDVs Initial plans suggested a first delivery date in 2021 69 13 As of 2019 update Amazon expected to have as many as 10 000 electric vans in operation by 2022 but was not planning to take delivery of the entire 100 000 Rivian vans the contract calls for until 2030 70 In November 2022 Rivian announced that it had delivered 1 000 EDVs to Amazon The Rivian collaboration is part of Amazon s plan to convert its delivery fleet to 100 renewable energy by 2030 71 The van is slated to be built in three sizes carrying 14 m3 500 cu ft 20 m3 700 cu ft or 25 m3 900 cu ft of packages each with the same stand up interior height but with a narrower smallest model All of the vans will be built on the same platform which shares the same electrical and network architecture ECUs and battery pack design with the Rivian R1T R1S models most will use a basic single motor e axle drive unit driving the front wheels The van is to be produced exclusively for Amazon and will be built with a steel chassis on a low feature content assembly line to keep costs down The van is explicitly designed to allow Amazon to reduce costs and shrink its carbon footprint 72 A 150 mile 240 km prototype for the Amazon electric delivery van was tested on public roads in early 2021 Testing began in Los Angeles 73 and San Francisco 74 By April 2021 testing was being conducted in Denver 75 with plans to test in 16 U S cities in different climate zones Tests in Oklahoma and Michigan were underway by July 2021 74 Amazon contracted Rivian to eventually deliver 100 000 electric delivery vans Amazon also will source electric vans and three wheelers from other OEMs such as Stellantis Mercedes Benz Group and Mahindra 76 Deployment of the electric delivery vans began in nine U S cities in July 2022 77 Under terms of a 2019 agreement Rivian was required to sell all of the vans it makes to Amazon In early 2023 it was reported that Amazon had notified Rivian that it wanted to buy about 10 000 vans during the year As this was at the low end of a range previously provided to the auto maker in response Rivian sought to remove the exclusivity terms of the agreement If Amazon agrees to end the exclusivity arrangement Rivian would be free to seek new commercial customers for the vans 78 EV charging EditIn March 2021 Rivian announced ambitious plans to develop a network of public charging stations across the United States and Canada by the end of 2023 Usage will be restricted to Rivian owners only Similar to competitor Tesla it plans to offer a combination of fast chargers and slower destination chargers and also sell home chargers 7 The target for the charging network is set for 600 Rivian exclusive Adventure Network sites made up of 3 500 DC fast chargers at high traffic locations 200 kW will be the initial charging speed with an eventual target of 300 kW 7 The company is also planning 10 000 destination chargers Level 2 11 5 kW called Rivian Waypoints at retail lodging and dining businesses as well as parks and other locations Waypoint chargers are designed to be usable by all electric vehicles with a J1772 connector 79 Starting July 2021 Rivian planned to install two Rivian Waypoint chargers at up to 50 Colorado State Parks and state recreation areas 80 81 82 However by October none had yet been installed as the contract was still making its way through state government bureaucracy with first installations expected in early 2022 83 In September 2021 the first Waypoint 11 5 kW chargers were installed near Moab Utah 84 85 In July 2021 Rivian and the state of Tennessee announced plans to install Waypoint chargers at all 56 Tennessee state parks saying that Rivian will begin site surveys and engineering over the summer with installation beginning as early as fall 2021 86 87 The first site Radnor Lake State Park was unveiled on October 1 2021 88 Facilities Edit First Rivian R1T rolls off the Normal Illinois assembly line September 2021 Rivian is headquartered in Irvine California with its location focusing on vehicle engineering and design propulsion and battery system development and commercial functions Rivian s sole production factory in Normal Illinois 23 21 89 manufactures vehicle components such as battery packs 17 The 2 6 million square foot 240 000 m2 plant has a paint shop robotics stamping machines and other production equipment 25 23 such as injection molding 89 Rivian s facility in Plymouth Michigan focuses on vehicle engineering prototyping supply chain and accounting Rivian s facility in Palo Alto California focuses on software development and engineering including self driving features 90 91 The company has additional office locations in Carson California and Woking England working on electric power conversion and advanced engineering respectively 92 93 Rivian s Normal factory has steadily grown over the years In July 2020 Rivian s plans for additions totaling 576 000 sq ft to its production facility were approved by the town council 94 In October 2021 Rivian made public plans to grow the facility with a 623 000 sq ft 57 900 m2 addition to be built on the west side of the existing facility which if built would bring the total Rivian facility size to 3 900 000 sq ft 360 000 m2 95 In December 2021 Rivian announced plans to build a 5 billion battery and assembly plant east of Atlanta Construction is planned to begin in summer 2022 with car production beginning in 2024 with plans to manufacture up to 400 000 vehicles a year The plant is currently projected to employ 7 500 workers with possible growth to 10 000 workers 96 Some locals are opposed to the Rivian plant with reasons such as environmental concerns and government costs including Georgia proposing to allocate 125 million for costs associated with the factory 97 Finances EditAs of December 2021 Rivian is a public company trading under the symbol RIVN on the Nasdaq stock exchange Funding Edit From initial seed stage capital invested by CEO Scaringe in 2009 to its final 2 5 billion round in 2021 Rivian secured 10 rounds of private funding to support the completion of development of line of its vehicles and build out to support production 98 99 On November 10 2021 the company completed its initial public offering raising 13 5 billion 13 Private capital funding Edit This section is in list format but may read better as prose You can help by converting this section if appropriate Editing help is available January 2022 2011 The company filed a Form D reporting debts and warrants totaling 250 000 100 2012 The company filed a second Form D reporting debts and warrants totaling 1 million 101 Jeddah based investment firm Abdul Latif Jameel claims to have been the company s earliest investor 102 103 2013 2016 There were no filings or announcements of funding for Rivian Cumulative funding remained at 1 25 million 104 2017 In January 2017 at the time the company acquired the former Mitsubishi plant in Normal Illinois Rivian received a 1 million grant and a five year tax abatement from Normal contingent on meeting certain employment targets and investing 40 5 million over five years 21 Rivian also received 49 5 million in tax credits from the Illinois state government 25 these credits are also contingent upon meeting employment targets and investing at least 175 million into the site by 2024 23 Sumitomo Corporation made a large strategic investment in Rivian in December 2017 The amount was not disclosed 26 56 105 2018 Announced on May 23 2018 Rivian closed on 200 million in debt financing from Standard Chartered Bank 17 bringing total raised funds to upwards of 450 million 105 Other backers at the time included existing investors Abdul Latif Jameel and Sumitomo Corporation 17 106 2019 2020 Announced on February 15 2019 Amazon led an investment round of 700 million into Rivian The round included participation from existing shareholders 107 Announced on April 24 2019 Ford Motor Company invested 500 million at a pre money valuation of 4 5 billion 108 Announced on September 10 2019 Cox Automotive invested 350 million into Rivian bringing the total raised in 2019 to 1 5 billion Rivian remained independent but Cox Automotive planned to add a representative to Rivian s board as part of the investment 109 On November 19 2021 Ford and Rivian announced that they no longer plan to co develop an electric vehicle Originally both companies had planned the joint development of a vehicle for Ford s luxury Lincoln brand Those plans were canceled in 2020 110 111 Ford continued to hold a stake in Rivian valued at over 10 billion as of November 2021 112 In December 2019 Rivian announced it raised US 1 3 billion in a round led by investment manager T Rowe Price with existing investors Ford and Amazon alongside new investors London New York firm Pario Ventures and BlackRock managed funds 2021 Announced on January 19 2021 Rivian raised 2 65 billion led by existing investor T Rowe Price alongside Soros Fund Management Fidelity Management amp Research Coatue Management BlackRock managed funds Abdul Latif Jameel and Amazon now through its Climate Pledge Fund plus new investors D1 Capital Partners 113 Abdul Latif J holds almost 114 million shares in Rivian acquired through 303 million of loans made to the company 114 Bloomberg estimated the company s value at nearly 28 billion 115 116 Announced on July 23 2021 Rivian raised 2 5 billion in a round led by Amazon s Climate Pledge Fund D1 Capital Partners and Ford Motor Company alongside existing investors T Rowe Price Coatue Management Fidelity Management amp Research New investors Third Point Ventures and Dragoneer Investment Group joined the round 99 Public company Edit In August 2021 Rivian filed for an initial public offering seeking a valuation as high as 80 billion 117 By then the firm had raised a total of approximately 11 billion 118 In November 2021 Rivian completed its IPO with net proceeds to the firm of 13 5 billion 13 While initial price targets were in the 58 to 62 range the actual offering price was 78 00 per share On its first trading day on November 10 the stock closed at 100 73 per share with a market value of just under 100 billion 36 At that value it was worth more than General Motors or Ford and was behind only Tesla in terms of the market cap of automakers CEO R J Scaringe s ownership of 17 6 million shares was worth approximately 2 billion 119 Amazon purchased 200 million of stock in the IPO raising its total stake in Rivian to 22 120 Previously in October 2021 Amazon stated that it owned a 20 stake in the company 121 The stock peaked at a closing price of 146 07 on November 13 2021 122 From there the stock price fell more or less continuously during the tech sell off of winter spring 2022 to reach 30 68 on April 26 2022 123 The market value at the end of April 2022 had declined to roughly 29 billion a loss of 79 percent 124 At the beginning of May 2022 the stock price fell further closing at an all time low of 22 78 on May 9 2022 the decline from the peak in November 2021 being nearly 85 percent 125 Collaborations EditOn December 20 2018 professional rock climber Alex Honnold announced his partnership with Rivian as a brand partner and collaborator 126 127 During a live stream on June 15 2019 Rivian announced plans to collaborate with the Honnold Foundation and nonprofit Casa Pueblo on a solar project aiming to establish a microgrid in Adjuntas Puerto Rico a city that was severely affected by Hurricane Maria in 2017 128 129 130 Rivian planned to repurpose used battery packs from its development vehicles into stationary energy storage units 129 130 The microgrid is intended to grant residents access to electricity for core business and will be used daily to mitigate the high cost of energy in Puerto Rico which is twice the U S national average 129 The project was expected to launch in 2020 129 In 2019 Rivian partnered with actors Ewan McGregor and Charley Boorman to provide the first ever production pickups VIN 000001 and 000002 for use as logistics vehicles and camera cars for the British TV series Long Way Up They also set up 240 level 2 and level 3 charging stations at 140 locations along the route from Tierra del Fuego to Los Angeles 131 Rivian partners with Yakima for their roof racks bike kayak surfboard etc and rooftop tents and MAXTRAX for their recovery boards 132 133 Lawsuits and controversies EditIn July 2020 Tesla sued Rivian for allegedly stealing proprietary information as well as for poaching employees 134 In March 2021 the Illinois Automobile Dealers Association filed a lawsuit against Rivian and fellow EV manufacturer Lucid Motors for their plans to sell electric vehicles directly to consumers 135 136 In November 2021 Rivian s former sales and marketing vice president Laura Schwab filed a suit against the company claiming she was fired a month after raising concerns of discrimination and Rivian being a boys club to the company s HR department Schwab also claimed that she warned company executives of their vehicles being underpriced and the manufacturing process not conforming to security standards 137 According to the lawsuit issues she raised were ignored until male colleagues also raised them subsequently 138 See also EditFisker Ocean SUV and Alaska pickup Ford F 150 Lightning pickup GMC Hummer SUV Lordstown Endurance pickup formerly Workhorse W 15 Nissan Rich 6 pickup Tesla Cybertruck VIA MotorsReferences Edit Ludlow Edward September 14 2021 Rivian Gets U S Regulatory Go Ahead to Deliver EVs to Customers Bloomberg News Archived from the original on October 22 2021 Retrieved October 29 2021 Charging Rivian Rivian Retrieved December 10 2021 Insurance Rivian Rivian Retrieved April 21 2022 Rivian Automotive Inc 2022 Annual Report Form 10 K U S Securities and Exchange Commission February 28 2023 Where are Rivian Service Centers located Rivian Retrieved August 31 2022 a href Template Cite web html title Template Cite web cite web a CS1 maint url status link O Kane Sean November 8 2021 Rivian will start selling electric vans to non Amazon companies in 2023 The Verge Retrieved December 10 2021 a b c Lambert Fred March 18 2021 Rivian reveals impressive map of over 600 planned fast charging stations and wall charger Electrek Archived from the original on March 20 2021 Retrieved March 24 2021 Careers Rivian Rivian Archived from the original on April 15 2021 Retrieved April 15 2021 Our Company Rivian Rivian Archived from the original on October 23 2021 Retrieved October 23 2021 Golson Daniel December 16 2021 Rivian will build a 5B factory in Georgia for next gen vehicles Road Show CNET Retrieved December 21 2021 Matthew Johnston November 15 2021 Rivian IPO What Happened and Why it Matters Investopedia Dotdash Retrieved December 3 2021 Miao Hannah December 6 2021 Morgan Stanley says Rivian is the one that can challenge Tesla CNBC Retrieved December 8 2021 a b c d FORM 10 Q U S Securities amp Exchange Commission December 16 2021 Retrieved December 23 2021 Rivian The history and future of an up and coming EV automaker Electrek November 9 2021 Retrieved December 21 2021 Who Owns Rivian MotorTrend November 10 2021 Retrieved March 9 2022 Seabrook John January 31 2022 America s Favorite Pickup Truck Goes Electric The New Yorker Retrieved February 18 2022 a b c d e f This startup is building self driving trucks and SUVs for futuristic off road adventures The Verge Archived from the original on August 21 2018 Retrieved August 21 2018 Rivian R1 Peter Stevens Design Retrieved December 21 2021 Gilboy James September 28 2021 Rivian CEO Says the Rivian Sports Car Is Shelved Does That Mean There s Still a Chance The Drive Brookline Media Inc Retrieved December 4 2021 a b c Lambert Fred January 9 2017 An electric vehicle startup comes out of stealth mode and buys shuttered Mitsubishi plant in Illinois Electrek Archived from the original on January 10 2017 Retrieved January 9 2017 a b c d Bundle Matt August 5 2017 Rivian quietly brings former Mitsubishi plant back to life PJ Journal Star Archived from the original on December 1 2017 Retrieved November 28 2017 Reed Robert December 15 2016 Who is the mysterious auto startup that wants to bring jobs back to a shuttered Mitsubishi plant in Normal Chicago Tribune Archived from the original on December 1 2017 Retrieved December 1 2017 a b c d e f Prenzler Christian January 6 2017 Mysterious electric vehicle startup Rivian Automotive closes deal on massive manufacturing facility in Illinois Teslarati com Archived from the original on December 1 2017 Retrieved December 1 2017 Rivian bids on shuttered Mitsubishi plant in Illinois Reuters December 9 2016 Archived from the original on June 28 2017 Retrieved July 2 2017 a b c d Ayre James March 25 2017 Rivian Automotive Stealth EV Startup Granted 49 5 Million in Tax Credits From Illinois Governor Announces cleantechnica com Archived from the original on December 1 2017 Retrieved December 1 2017 a b c d Denham Ryan January 9 2018 Searching for Clues into Rivian s Electric Vehicle Future WGLT News Archived from the original on December 1 2018 Retrieved November 30 2018 Rivian releases debut video of R1T Electric Adventure Vehicle Rivian Archived from the original on December 5 2019 Retrieved November 15 2018 a b c d e f Inside the automotive startup taking EVs off road Engadget Archived from the original on August 21 2018 Retrieved August 21 2018 Rivian R1S amp R1T A detailed look Autopromag December 2 2018 Retrieved December 21 2021 Ferris Robert Eisenstein Paul A February 15 2019 Rivian announces 700 million investment round led by Amazon CNBC Archived from the original on April 22 2019 Retrieved February 15 2019 a b Channick Robert November 12 2020 Rivian to deliver 75 000 Illinois built electric truck in June complete with 300 mile range and vegan leather seats Chicago Tribune Archived from the original on December 23 2020 Retrieved January 20 2021 Proeber David November 8 2021 10 Things to Know About Rivian IPO The Pentagraph Retrieved December 8 2021 Rivian delays deliveries of R1T R1S electric vehicles again TechCrunch July 16 2021 Archived from the original on September 28 2021 Retrieved August 7 2021 Wayland Michael September 14 2021 EV startup Rivian beats Tesla GM Ford as first automaker to produce electric pickup CNBC Archived from the original on September 15 2021 Retrieved September 16 2021 Foldy Ben November 1 2021 EV Startups Lucid and Rivian Deliver First Models to Customers The Wall Street Journal ISSN 0099 9660 Retrieved November 1 2021 a b Priddle Alisa November 10 2021 Who Owns Rivian MotorTrend Retrieved November 12 2021 Wayland Michael November 19 2021 Ford and Rivian cancel plans to jointly develop an electric vehicle CNBC Retrieved November 21 2021 Wayland Michael Rosevear John February 3 2023 Ford sold 91 million shares of EV startup Rivian last year CNBC Rivian s Chief Operating Officer Left The Company in December InsideEVs Retrieved April 6 2022 a b Golson Daniel December 20 2021 Rivian delivers first R1S electric SUVs Road Show CNET Retrieved December 21 2021 Ludlow Edward March 1 2022 Rivian Raises Prices of Electric Vehicles Citing Higher Costs for Parts Bloomberg News Retrieved March 2 2022 Lambert Fred March 1 2022 Rivian announces 2 motor and smaller battery options config updates and steep 12 000 price increase Electrek Retrieved March 6 2022 Sriram Akash Jin Hyunjoo March 3 2022 Rivian spares preorders from price hike to fix painful mistake Reuters Retrieved March 6 2022 Rivian Hires Frank Klein as Chief Operations Officer Business Wire March 14 2022 Retrieved April 6 2022 TIME 100 Most Influential Companies 2022 Rivian Time March 30 2022 Retrieved April 26 2022 Valdes Dapena Peter July 28 2022 Electric truck maker Rivian laying off 6 of its workforce CNN Retrieved July 28 2022 Olinga Luc George Soros Deals a Big Blow to Tesla Rival Rivian TheStreet Retrieved August 19 2022 Waldersee Victoria Wissenbach Ilona September 8 2022 Mercedes Benz and Rivian plan JV to make electric vans in Europe Reuters Feuer Will September 8 2022 Rivian Mercedes to Partner on Electric Van Factory The Wall Street Journal Ewing Jack September 8 2022 Mercedes and Rivian Plan to Make Vans Together in Europe The New York Times ISSN 0362 4331 Retrieved September 9 2022 Horowitz Julia December 12 2022 Rivian halts plans to build electric vans with Mercedes CNN Business CNN Retrieved December 12 2022 Getahun Hannah Tesla competitor Rivian recalls nearly almost all of its vehicles we are acting with urgency and caution Business Insider Retrieved October 9 2022 Valdes Dapena Peter October 8 2022 Rivian recalling 12 000 vehicles for loose bolt CNN Business CNN Retrieved October 9 2022 Eckert Sean McLain and Nora WSJ News Exclusive Several Top Rivian Executives Depart the Electric Vehicle Startup WSJ Retrieved January 10 2023 Rivian patents another maneuverability trick enabled by quad motor layout Green Car Reports Archived from the original on August 7 2021 Retrieved August 7 2021 a b Denham Ryan December 17 2017 Investor Joins Rivian As Electric Automaker Staffs Up WGLT News Archived from the original on April 18 2019 Retrieved April 18 2019 a b Amazon s Rivian Prime Electric Delivery Van 12 Things to Know MotorTrend February 17 2021 Archived from the original on July 9 2021 Retrieved June 30 2021 California based Rivian Automotive Inc to recall 13 000 vehicles due to potential loose fastener Motor Portfolio October 8 2022 Retrieved October 9 2022 Gold Aaron August 31 2021 The 2022 Rivian R1T Is the Most Remarkable Pickup We ve Ever Driven MotorTrend Archived from the original on September 15 2021 Retrieved September 13 2021 How quickly can you accelerate from 0 60 mph Support Center Rivian Archived from the original on September 13 2021 Retrieved September 13 2021 Lin Kelly September 10 2021 2022 Rivian R1T MotorTrend Archived from the original on September 13 2021 Retrieved September 13 2021 Rivians will be able to charge each other auxiliary battery packs confirmed Motor Authority Archived from the original on September 17 2021 Retrieved September 17 2021 Eisenstein Paul A December 13 2021 Electric startups Lucid Air and Rivian are snapping up all the awards this year CNBC Retrieved December 21 2021 Rivian drops its cheapest trim level TechCrunch August 19 2022 Retrieved August 20 2022 Clark Mitchell August 18 2022 Rivian customers enraged after company cancels its most affordable electric truck The Verge Retrieved August 20 2022 McLain Sean August 19 2022 Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models The Wall Street Journal ISSN 0099 9660 Retrieved August 20 2022 a b Denham Ryan June 19 2018 Rivian Reveals Skateboard Chassis at Michigan Conference WGLT News Archived from the original on April 18 2019 Retrieved April 18 2019 Electric Truck Maker Rivian Raises 1 3 Billion in New Funding Bloomberg News December 23 2019 Archived from the original on December 24 2019 Retrieved December 24 2019 Channick Robert September 19 2019 We have a new automaker for real Rivian to build 100 000 electric vans for Amazon at its Illinois factory starting in 2021 Chicago Tribune Archived from the original on November 6 2019 Retrieved September 21 2019 Lin Kelly September 19 2019 Rivian Electric Commercial Van Will Soon Deliver Your Amazon Packages Motor Trend Archived from the original on October 16 2019 Retrieved September 28 2021 Amazon is purchasing 100 000 Rivian Electric Vans CNBC September 19 2019 Archived from the original on October 7 2019 Retrieved September 20 2019 Markus Frank July 8 2021 Future Cars 2022 Rivian Amazon Prime Van Is One Special Delivery Vehicle Motor Trend Archived from the original on September 12 2021 Retrieved September 28 2021 Alvarez Simon February 3 2021 Rivian s Amazon electric delivery vans deployed for road testing in Los Angeles Teslarati Archived from the original on February 3 2021 Retrieved February 5 2021 a b Loveday Steven July 30 2021 Rivian All Electric Amazon Delivery Vans Testing On Detroit Roads InsideEVs Archived from the original on September 24 2021 Retrieved September 28 2021 Chuang Tamarra April 27 2021 Amazon s first electric vans started delivering packages in the Denver area this week Colorado Sun Archived from the original on April 28 2021 Retrieved April 28 2021 Weise Karen amp Boudette Neal E January 18 2022 Can Anyone Satisfy Amazon s Craving for Electric Vans The New York Times Retrieved March 3 2022 Amazon begins deploying its Rivian electric delivery vehicles Green Car Congress Retrieved July 24 2022 Eckert Sean McLain Dana Mattioli and Nora WSJ News Exclusive Amazon Rivian in Talks to End Exclusivity Part of Delivery Van Pact WSJ Retrieved March 13 2023 Charging your Rivian Rivian Stories Exposure Archived from the original on March 19 2021 Retrieved March 24 2021 Webb Dennis March 21 2021 CPW panel OKs moving forward on deal to put EV chargers in parks The Grand Junction Daily Sentinel Archived from the original on March 22 2021 Retrieved March 24 2021 Panel OKs agreement to install electric vehicle chargers in Colorado state parks The Denver Post March 23 2021 Archived from the original on March 23 2021 Retrieved March 24 2021 All state parks in Colorado will get electric vehicle charging stations in deal with EV maker Rivian The Colorado Sun March 18 2021 Archived from the original on March 23 2021 Retrieved March 24 2021 Booth Michael October 14 2021 Rivian electric vehicle chargers not coming to Colorado parks anytime soon The Colorado Sun Archived from the original on October 14 2021 Retrieved October 22 2021 Rivian s First Waypoint Charging Stations Have Popped Out Around Moab Carscoops September 14 2021 Retrieved November 25 2021 Tsui Chris September 13 2021 New Rivian Charging Stations Pop Up Around Moab The Drive Retrieved November 25 2021 State Parks Rivian Partner on Electric Vehicle Charging Stations Tennessee State Government Archived from the original on October 22 2021 Retrieved October 22 2021 Alamalhodaei Aria July 21 2021 Rivian plans to install EV chargers in Tennessee s 56 state parks TechCrunch Archived from the original on October 25 2021 Retrieved October 22 2021 Rivian Waypoint Chargers unveiled at Radnor Lake State Park Drive Electric Tennessee Archived from the original on October 22 2021 Retrieved October 22 2021 a b Marcus Frank June 19 2018 2020 Rivian Pickup and SUV First Look Elec Trucks MotorTrend US Archived from the original on April 20 2019 Retrieved April 20 2019 The Funded A Tesla rival could raise 10B in an IPO this week which would be the biggest offering in 7 years The Business Journals November 8 2021 Archived from the original on November 8 2021 Retrieved March 6 2022 Rivian R1T spotted with LiDAR rig in Palo Alto as more questions arise about Driver Teslarati April 12 2021 Retrieved March 5 2022 Electric truck maker Rivian raises 2 5 billion in funding round Orange County Register July 10 2020 Retrieved March 6 2022 Inside Rivian we visit the pioneering 4x4 electric car brand CAR Magazine Retrieved March 6 2022 Rivian plans largest expansion so far at plant in Normal WJBC AM 1230 October 29 2021 Retrieved March 6 2022 Watznauer Kelsey October 30 2021 Rivian plans largest expansion at Normal plant since its acquisition The Pantagraph Retrieved November 1 2021 Trubey J Scott Bluestein Greg Peters Andy UPDATE Rivian confirms EV factory thousands of jobs for Georgia The Atlanta Journal Constitution ISSN 1539 7459 Retrieved March 6 2022 Gelles David March 14 2022 How an Electric Truck Factory Became a Lightning Rod in Georgia The New York Times ISSN 0362 4331 Retrieved April 3 2022 Schwartz Nelson June 23 2021 Meet the Man Quietly Building the Tesla of Trucks With Jeff Bezos Aboard The New York Times Archived from the original on May 20 2021 Retrieved October 5 2021 a b Rivian raises another 2 5B pushing its EV war chest up to 10 5B TechCrunch July 23 2021 Retrieved December 23 2021 SEC FORM D U S Securities amp Exchange Commission December 15 2011 Retrieved December 23 2021 SEC FORM D U S Securities amp Exchange Commission August 8 2012 Retrieved December 23 2021 How Abdul Latif Jameel ALJ leads with purpose McKinsey Retrieved December 23 2021 Welch David Dawson Chester Coppola Gabrielle February 15 2019 Musk Like it or Not This 36 Year Old CEO Has Amazon Riding Shotgun The New York Times Archived from the original on October 5 2021 Retrieved October 5 2021 Rivian s mega IPO was built with a truckload of private capital PitchBook pitchbook com Retrieved December 23 2021 a b Prenzler Christian December 12 2017 Rivian Reveals Strategic Investor and First Vehicles AdaptBN Archived from the original on August 21 2018 Retrieved August 21 2018 Prenzler Christian May 23 2018 Rivian Announces Half a Billion in Funding Including 200M in Debt from London based Bank AdaptBN Archived from the original on August 21 2018 Retrieved August 21 2018 Boudette Neal E February 15 2019 Amazon Invests in Rivian a Tesla Rival in Electric Vehicles The New York Times Archived from the original on April 6 2019 Retrieved February 15 2019 Lienert Paul Ajmera Ankit April 24 2019 Ford Motor puts 500 million into electric pickup producer Rivian Reuters US Archived from the original on April 26 2019 Retrieved April 28 2019 Lambert Fred September 10 2019 Electric pickup maker Rivian can t stop raising money adds 350 million from Cox Automotive Electrek Archived from the original on November 11 2019 Retrieved September 11 2019 Wayland Michael Ford and Rivian cancel plans to jointly develop an electric vehicle CNBC Retrieved March 28 2022 Korosec Kirsten April 28 2020 Ford cancels Lincoln electric vehicle program with Rivian TechCrunch Archived from the original on April 29 2020 Retrieved April 29 2020 O Kane Sean November 19 2021 Ford drops plan for Rivian powered EV The Verge Retrieved November 20 2021 Foldy Ben January 19 2021 Electric Truck Maker Rivian Raises 2 65 Billion Ahead of First Vehicle Launch The Wall Street Journal Archived from the original on January 20 2021 Retrieved January 20 2021 Rivian s IPO mints 11 5bn fortune for Saudi investor Arabian Business Retrieved November 11 2021 Will Irvine based Rivian be the Tesla of trucks Orange County Register August 2 2021 Archived from the original on August 3 2021 Retrieved August 7 2021 Ludlow Edward EV Startup Rivian Said to Reach 27 6 Billion Value on New Funds BloombergQuint Retrieved March 6 2022 Heilweil Rebecca August 30 2021 Amazon s favorite electric vehicle company is going public at a very tricky time Vox Media Archived from the original on August 30 2021 Retrieved August 31 2021 DiFurio Dom August 27 2021 EV startup Rivian quietly establishes foothold across Texas as states compete for its next plant The Dallas Morning News Archived from the original on October 5 2021 Retrieved October 5 2021 Levy Ari November 11 2021 Rivian founder R J Scaringe is worth 2 2 billion after his company s two day IPO pop CNBC Retrieved March 11 2022 Wilhelm Alex November 13 2021 Amazon adds to its Rivian stake TechCrunch Archived from the original on November 13 2021 Retrieved November 13 2021 Korosec Kirsten October 29 2021 Amazon reveals 20 stake in Rivian ahead of EV maker s IPO TechCrunch Archived from the original on October 30 2021 Retrieved October 31 2021 RIVN Rivian Automotive Inc Cl A Stock Price amp News The Wall Street Journal Retrieved April 29 2022 RIVN Rivian Automotive Inc Cl A Advanced Charting WSJ The Wall Street Journal Retrieved April 29 2022 Rivian Automotive Inc RIVN Stock Price amp News The Motley Fool Retrieved April 29 2022 Download RIVN Data Rivian Automotive Inc Cl A Price Data MarketWatch Retrieved May 10 2022 Dorr Bryon December 21 2018 Alex Honnold Picks Up a Cutting Edge Collab From the Future Rivian GearJunkie Archived from the original on June 24 2019 Retrieved June 24 2019 Meet Alex Honnold Rivian US December 20 2018 Archived from the original on June 24 2019 Retrieved June 24 2019 Adventurous Forever RJ Scaringe and Alex Honnold in conversation with Rich Roll Rivian June 15 2019 Archived from the original on December 6 2019 Retrieved June 24 2019 a b c d Korosec Kirsten June 14 2019 Rivian and Free Solo star Alex Honnold team up to build solar microgrid with used EV batteries TechCrunch Archived from the original on June 24 2019 Retrieved June 24 2019 a b Ferris Dacia June 17 2019 Rivian s RJ Scaringe talks on site farming plans for employees battery storage solutions Teslarati Archived from the original on June 24 2019 Retrieved June 24 2019 Baldwin Roberto August 8 2020 Rivian R1T Electric Pickups Take 13 000 Mile Road Trip for TV Car and Driver Archived from the original on October 21 2020 Retrieved October 19 2020 Doll Scooter March 29 2021 Rivian CEO reveals collaboration with Yakima Electrek Retrieved June 30 2022 Rivian x MAXTRAX Recovery Boards Gear Shop Rivian rivian com Retrieved June 30 2022 Bursztynsky Jessica July 23 2020 Tesla sues Rivian for allegedly stealing secrets poaching employees CNBC Retrieved December 23 2021 Car Dealers Sue Rivian Secretary Of State Over EV Sales WGLT March 26 2021 Retrieved December 23 2021 Doll Scooter March 29 2021 Rivian and Lucid Motors sued by Illinois automotive dealers Electrek Retrieved March 6 2022 Foldy Ben amp Needleman Sarah E November 4 2021 Ex Rivian Executive s Discrimination Suit Airs Questions About Business Plans as IPO Looms The Wall Street Journal ISSN 0099 9660 Retrieved February 23 2022 Palmer Annie amp Wayland Michael November 4 2021 Ex Aston Martin executive says Rivian fired her for raising concerns about a toxic bro culture CNBC Retrieved February 23 2022 External links Edit Wikimedia Commons has media related to Rivian Automotive Official website Rivian Electric Adventure Vehicle on YouTube by Fully Charged Business data for Rivian Automotive Inc BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title Rivian amp oldid 1153452184, wikipedia, wiki, book, books, library,

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