Rivian filed for an Initial Public Offering (IPO) on Friday and is expecting a valuation of nearly $80 billion USD valuation, according to sources that remained anonymous (via Bloomberg). The electric vehicle (EV) startup, which is based in Irvine, California, and is backed by Amazon, announced on Friday that it had submitted an S-1 registration […]
After unnamed sources reported Rivian’s plans to build a second assembly plant in the U.S., the news has officially been confirmed by a company document, as the company prepares to start on the project. Amazon-backed Rivian will invest $5 billion USD into a new production facility, as found in a company document retrieved from state […]
Electric automaker Rivian announced on Friday it has closed a $2.5 billion USD funding round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates, Inc. Others in this private funding round included Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, […]
According to Reuters, electric automaker Rivian plans to build a second assembly plant in the United States. Unnamed sources say the second plant would also include battery cell production. A Rivian spokesperson confirmed to the publication it is indeed “exploring locations for a second U.S. manufacturing facility,” adding it was an early and evolving process. […]
Earlier this year, Rivian announced plans to install over 600 electric vehicle (EV) charger sites across the U.S. and Canada by 2023, some of which will even be destination points for state parks and other attractions. Rivian plans to install new waypoint chargers at each of Tennessee’s 56 state parks, said the company in an […]
After Rivian delayed its deliveries of the R1T to July, the company has followed up with a new delay in a letter to its customers. Rivian has officially delayed its R1T preorder deliveries to September, according to a letter sent to customers which was shared on Friday (via Reddit). The electric pickup truck was set […]
The race to complete the autonomous driving puzzle is well on its way, but even as some companies have begun deploying self-driving in cars, one company is dedicated to solving autonomous trucking, and has more than just caught the eyes of commerce giants Amazon. Amazon has ordered 1,000 autonomous driving systems from self-driving trucking company […]
According to Yahoo! Finance, all-electric truck startup Rivian could have its sights set on a $70 billion USD valuation at a rumoured Initial Public Offering (IPO) later this year. Following an investment round worth $2.65 billion USD led by T. Rowe Price back in January, Rivian was valued at $27.6 billion USD. By February, reports that […]
As the electric vehicle (EV) world continues to heat up with the recent release of Ford’s F-150 Lightning (and its Pro variant), Amazon partner Rivian has made minor delays to its delivery plans. According to a press release from Rivian, R1T preorder customers will now begin receiving deliveries in July rather than June, while Launch […]
Last year, Tesla claimed that Rivian had stolen trade secrets from Tesla, and the company has now been approved to move forward with a lawsuit against the electric pickup truck company. On Monday, Superior Court Judge William Monahan denied a request from Rivian to throw out the claim of misappropriation of trade secrets, as reported […]
Electric vehicle (EV) automaker Rivian announced on Thursday it is building the Rivian Adventure Network, the company’s nationwide network of DC fast chargers, set to be available across the United States, plus Canada. Rivian says fast chargers will enable up to 140 miles of range in 20 minutes for its R1T and R1S EVs. The […]
Electric cars, trucks, vans, and buses have become a reality in the United States, but not every region has made it easy. Rivaling electric vehicle (EV) companies Rivian, Tesla, and Lucid, among others like Lordstown Motors, have teamed up in an infant EV market against direct sales laws throughout the US, as reported by TechCrunch. […]
Tesla has had a successful few years as electric vehicles (EVs) have begun gaining popularity, but one analyst thinks three other companies may still pose a threat to the auto-tech giant. On Wednesday, CFRA’s Garrett Nelson published a note saying that Fisker, Lucid Motors, and Amazon partner Rivian will be “success stories” this year, as […]
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: Steep grades. pic.twitter.com/3kClLD4rAF — RJ Scaringe (@RJScaringe) February 13, 2021 […]
Electric vehicle automaker startup, Rivian, is planning an initial public offering (IPO) this fall, with a roughly $50 billion valuation, reports unnamed sources speaking to Bloomberg. “The company’s timeline for an initial public offering isn’t final and a listing could happen later in the year or even slip to 2022,” say sources, who noted Rivian […]
