Rivian is an automaker and automotive technology company that develops vehicles, products and services related to sustainable transportation.
Rivian is developing vehicles, technology, and services that inspire people to get out and embrace life's many adventures.
Rivian was founded on 4 April 2009 by Robert "RJ" Scaringe. The company has it's headquartered based in Plymouth, Michigan, with multiple offices worldwide.
Rivian has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications including the company's adventure products as well as B2B products such as the Amazon last mile delivery vans.
Rivian's launch products, the R1T and R1S, deliver up to 400+ miles of range and provide an unmatched combination of performance, off-road capability and utility. These vehicles use the company's flexible skateboard platform.
Rivian is developing an electric delivery van for Amazon utilizing Rivian's skateboard platform and that 100,000 of these vans had been ordered with deliveries starting in 2021.
Rivian is backed by Ford, T. Rowe Price, Amazon, Soros Fund Management, Coatue, Fidelity Management, Cox Automotive, Sumitomo Corporation of America, and others. The company raised $2.5B in a new round on Jul 23, 2021. This brings Rivian's total funding to $10.8B to date. Rivian was last valued at $27.6B from a funding raised in Jan 2021. Rivian went public on Nov 10, 2021, with a valuation of $100B at IPO. The company will likely raised $11.9B from the listing.