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Rivian Automotive

Rivian Automotive

Rivian Automotive is a company developing electric vehicles and technology founded in 2009 by Robert J. 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

February 15, 2019
Funding round

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

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

Products

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Products

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News

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The Associated Press
November 11, 2021
AP NEWS
NEW YORK (AP) -- Rivian Automotive, a company that went public a day ago and hopes to produce 1,000 electric vehicles by the end of the year, will surpass General Motors to become the nation's second most valuable automaker if an overnight surge in the price of its shares hold.
By MATT OTT
November 10, 2021
AP NEWS
SILVER SPRING, Md. (AP) -- Shares in Rivian Automotive are set to trade publicly on Wednesday, and the world should get a better idea of just how hot investors are for the electric vehicle market.Rivian, the EV startup backed by Amazon and Ford, raised at least $10.5 billion in its public offering to help it ramp up production of its trucks, vans and SUVs.
Matthew Fox
June 1, 2021
markets.businessinsider.com
Rivian was last valued at $27.6 billion when it raised $2.65 billion from T. Rowe Price Group, Fidelity Investments, and Amazon in January.
Matthew Fox
June 1, 2021
Business Insider
Rivian was last valued at $27.6 billion when it raised $2.65 billion from T. Rowe Price Group, Fidelity Investments, and Amazon in January.
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.
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