R.J. Scaringe founded Rivian in 2009 to revolutionize the electric vehicle market. The company focuses on adventure-ready electric trucks and SUVs. Rivian aims to create sustainable transportation with advanced technology. The company launched its first models, the R1T and R1S, in 2021.
Rivian has attracted significant investment from major players. Amazon, Ford, and Cox Automotive invested heavily in the company’s vision, among others, before it went public in November 2021. The company plans to build a vast network of charging stations. Rivian also emphasizes eco-friendly practices and sustainability.
Founded Date | 2009 |
Status | Public, IPO (RIVN) |
Founders | R.J. Scaringe |
Investors | Abdul Latif Jameel, Amazon, BlackRock, Coatue Management, Cox Automotive, D1 Capital Partners, Dragoneer Investment Group, Fidelity Management & Research, Ford, Pario Ventures, Soros Fund Management, Sumitomo Corporation, Third Point Ventures |
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Rivian has changed 600 parts on its R1S SUV and R1T pickup truck in a bid to drive down manufacturing costs, while improving performance of its flagship vehicles. The end goal, which will play out over the coming year, is an existential one. Rivian lost about $38,784 on every vehicle…
Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2…
Rivian is getting $827 million in incentives from the state of Illinois to support building its next-generation electric vehicle, known as the R2. The company announced Thursday that the Illinois…
Rivian is offering discounts of up to $5,000 on its EVs — and a year of free charging — to customers willing to trade in their gas-powered trucks and SUVs.…
Rivian has a challenging year ahead — and the first quarter is off to a tepid start. The EV startup announced Tuesday that it built 13,980 vehicles and delivered 13,588…
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TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Before we…
Rivian customers can now request an adapter to tap into Tesla’s vast North American network of Superchargers, making it the second automaker to do so behind Ford. The company announced…
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The Rivian R2, an all-electric sport utility vehicle that’s smaller and more affordable than the automaker’s flagship SUV, appears to be a hit with potential customers. At least, if the…
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As customers, VIP guests and media milled into the Rivian South Coast Theater in Laguna Beach on Thursday — the Pacific Ocean crashing on the beach just a few hundred feet away — a mix of hope and excitement rippled through the arena. The occasion was the unveiling of the…
Rivian just surprise-announced an all-electric hatchback called the R3 — giving the company a big Apple-esque “one more thing” announcement at the event that was ostensibly supposed to be all…
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Rivian…
Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles, putting even more pressure on its future,…
Rivian will reveal its next-generation vehicle — a smaller, cheaper electric SUV known as R2 — on March 7, the company announced Monday morning. There’s little other detail about the…
Rivian reported Tuesday it produced 17,541 vehicles at its Normal, Illinois factory and delivered 13,972 to customers in the fourth quarter, mixed results that left investors wary and sent shares…
Rivian kicked off Monday a limited program that will give customers in select U.S. states the option to lease an all-electric R1T pickup truck. For now, customers living in 14…
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