Rivian company profile, history and EVs

Founded in 2009, Rivian is an American Electric Automotive Manufacturer which aims to deliver a wide range of products ranging from skateboards to SUVs (Sports Utility Vehicle). Headquartered in California, the company noticed name changes from Mainstream Motors to Avera Automotive, and then finally it became Rivian Automotive.

Unveiled Rivian R1

The company started aiming at Electric Automatic Vehicles in 2011 and then unveiled its first vehicle, named R1, which was intended to be a sports car. This mid-engine hybrid coupé was set to go on production between 2013 and 2014, but it was never set on production.

Further funding and investments from tech giants made the company stronger and more competent. After years of struggle, the company unveiled their upcoming truck and SUV at LA Auto Show, which were later renamed from A1T (Truck) to Rivian R1T and A1C (SUV) to R1S.

Investments and acquiring

During this period, the company acquired multiple assets to aid the production, like Manufacturing Plant from Mitsubishi Motors in Illinois and has now 4 facilities that aid in the production. With multiple investments and acquisitions, the company grew up and now employs more than 3000+ people.

Unveiled in 2018, the Electric Truck named R1T was finally unveiled but it finally entered production in 2021. Rivian R1T is a fully electric Pickup truck that has beaten segment giants such as Ford, GM, etc. Apart from manufacturing Electric Vehicles, the company aims to generate revenue by licensing its electric chassis to other manufacturers as a design base for types of machinery such as cars and other components.

Also Check: EV Dictionary

Rivian’s fast-charging networks

Talking about the charging facilities, the company aims to build a network of fast-charging networks like Tesla at multiple locations, including Off-road locations such as National Parks, etc. The company has also bagged an order for 100,000 delivery vans from Amazon. Apart from Amazon, the company has collaborated with multiple companies to revolutionize logistics.

Rivian has till now raised funding of $11 billion and was valued at $28 billion, according to Bloomberg. But the company filed an IPO in 2021 seeking a valuation of up to $80 Billion. Rivian has emerged as a promising startup-like Tesla, which has raised huge funding and also delivered the vehicles up to expectations.