Rivian CEO RJ Scaringe has shared a new video of the electric vehicle company’s R1T truck, heading up a steep, rocky hill.
Scaringe shared the video on Saturday morning, along with the caption, “steep grades.” Check it out the R1T truck below, in camoflauge wrap:
Backed by a $700 million investment from Amazon, Rivian looks to compete in the EV space with its upcoming electric truck and SUV, against the likes of leader Tesla. The company already has electric delivery vans in use by Amazon in the United States. Rivian is rumoured to launch an initial public offering (IPO) this fall, with an estimated valuation of $50 billion USD.
Rivian is set to start delivering the Launch Edition of its R1T truck in November of this year according to the company’s website, followed by other deliveries of the Adventure and Explore package in January 2022.
It’s going to be Rivian’s R1T versus Tesla’s Cybertruck. Competition is a good thing for consumers.
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