Rivian Automotive

Rivian Automotive

Rivian Automotive is a company developing electric vehicles and technology founded in 2009 by RJ Scaringe.

Rivian Automotive is a company developing electric vehicles and technology that is headquartered in Plymouth, Michigan, and was founded in 2009 by Robert Scaringe. Vehicles made by Rivian Automotive have quad motors, independent air suspension, an intelligent battery management system, a hydraulic roll control system, and a thermal system.

Product

Rivian unveiling its all-electric R1T pickup and R1S SUV at the Los Angeles Auto Show in November 2018.

R1T

The R1T is a truck that features a range of up to 400+ miles, the ability to accelerate from 0-60 in 3 seconds, up to 750 horsepower, a combined motor torque of 829 ft-lb, and a 105, 135, or 180 kWh battery.

R1S

The R1S features an SUV that features a range of up to 400+ miles, the ability to accelerate from 0-60 in 3 seconds, up to 750 horsepower, a combined motor torque of 829 ft-lb, and a 105, 135, or 180 kWh battery.

Factory

Rivian purchased a factory in Normal, IL for $2 million that had previously been used by Mitsubishi Motors.

Funding
Venture

On February 15, 2019, Rivian Automotive completed a venture capital round with $700 million in funding led by Amazon.

Venture

On April 24, 2019, Rivian Automotive completed a venture capital round with $500 million in funding led by Ford.

Venture

On September 10, 2019, Rivian Automotive completed a venture capital round with $350 million in funding led by Cox Automotive.

Timeline

July 10, 2020
Rivian Automotive raises a $2,500,000,000 private equity from Amazon, Baron Capital Group, Inc., BlackRock, Coatue Management, Fidelity Management & Research Company, Soros Capital Management and T. Rowe Price.
December 23, 2019
Rivian Automotive raises a $1,300,000,000 private equity from Amazon, BlackRock, Ford Motor Company and T. Rowe Price.
September 2019
Rivian Automotive raises a $350,000,000 corporate funding round from Amazon, Cox Automotive and Ford Motor Company.
April 24, 2019
Rivian Automotive raises a $500,000,000 corporate funding round from Ford Motor Company.
February 15, 2019
Funding round

Rivian announced an equity investment of $700 million, led by Amazon.com Inc.

February 15, 2019
Rivian Automotive raises a $700,000,000 corporate funding round from Amazon.
November 27, 2018
Second vehicle - R1S SUC - announced at LA Auto Show

The SUV is built on the same platform as the R1T truck.

November 26, 2018
First vehicle - R1T Truck - announced at LA Auto Show

The pickup truck has an announced range of up to 400+ miles, ability to wade into water up to 1meter depth, and quad-motor all-wheel-drive.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Rivian Automotive funding round, April 2019
500,000,000
April 24, 2019
7 Results
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People

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Further reading

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News

Title
Author
Date
Publisher
Description
Emily Graffeo
February 10, 2021
Business Insider
Rivian is looking to go public as soon as September at a valuation of about $50 billion, according to Bloomberg.
Ben Klayman
September 13, 2019
IN
Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back.
Reuters Editorial
Invalid Date
U.S.
U.S. electric pickup truck maker Rivian Automotive LLC on Friday announced an equity investment of $700 million, led by Amazon.com Inc.
Harry Brumpton
Invalid Date
DealStreetAsia
Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.

References

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