BMW Unveils a 31-inch, 8K Display That Turns the Backseat Into a Movie Theater

At CES this week, automaker BMW unveiled a backseat Theater Screen, which the automaker says will set new standards in the area of in-car entertainment. The 31-inch panoramic Theater Screen, which lowers from the headliner, offers rear passengers an entertainment experience that’s comparable to a movie experience, according to BMW.

FutureCar Staff 2022-02-12 12:30 PT

Rivian’s 400-Mile Battery Pack Delayed Until 2023

Throughout 2022, Rivian will be prioritizing its standard “Large” battery pack that offers 314 miles.

Vineeth Joel Patel2022-02-07 06:50 PT

Rivian Begins Delivering Amazon Vans With 201 Miles of Range

The first set of vans, called the EDV 700, are starting to be delivered to Amazon this month.

Vineeth Joel Patel2022-01-25 07:15 PT

Rivian to Deliver Electric Vans to Companies Other Than Amazon in 2023

Additionally, the company plans to come out with fleet versions of the R1T and R1S to compete with Ford’s F-150 Lightning.

Vineeth Joel Patel2021-12-20 07:30 PT

Shares of Electric Truck Maker Rivian Will Start Trading on the NASDAQ on Wednesday

Shares of Amazon-backed electric truck maker Rivian are set to begin trading on the NASDAQ on Wednesday under the symbol “RIVN” in one of the most anticipated IPOs in recent years. Rivian is offering 135 million shares to underwriters at $78 a piece, with the options to purchase an additional 20.25 million shares. The $78 stock price values Rivian at nearly $70 billion, but that figure will likely climb higher based on investor interest.

Eric Walz2021-12-17 10:00 PT

Electric Truck Maker Rivian Has Roughly 55,400 Preorders, Says it Won’t Be Able to Deliver Them All Until the End of 2023

According to an amended SEC filing on Nov 5, electric truck maker Rivian said it had had approximately 55,400 R1T pickups and R1S SUV pre-orders in the U.S. and Canada as of October 31, 2021. But based on the company's current production forecasts, it expects it won't be able to fill the pre-order backlog until the end of 2023.

Eric Walz2021-12-16 10:00 PT

As One of the World's Richest Persons, Can Jeff Bezos Help Make Amazon-backed Rivian Bigger Than Tesla?

E-commerce giant Amazon is now worth roughly $1.7 trillion, which has made its founder Jeff Bezos one of the richest people on the planet. Amazon is also a backer of electric vehicle startup Rivian and could help the company take on Tesla in the electric vehicle space.

Eric Walz2021-11-26 14:00 PT

Electric Truck Startup Rivian Plans to Raise up to $8 Billion in its Upcoming IPO

On Wednesday, Reuters​ reported that electric truck startup Rivian is aiming to raise between $5 billion and $8 billion with its upcoming IPO later this year. The company is seeking a valuation of about $80 billion in the listing, which would make it more valuable than U.S. automakers Ford Motor Co and General Motors.

FutureCar Staff 2021-10-22 11:50 PT

UPS Acquires Technology Platform Roadie to Facilitate Same Day Gig Deliveries

​United Parcel Service (UPS) announced an agreement to acquire technology platform operator Roadie, which will help it facilitate same day deliveries. Roadie’s logistics platform is similar to how Uber works, however drivers pick up packages instead of people. It matches nearby gig drivers with parcel deliveries that are heading in the same direction.

FutureCar Staff 2021-10-17 10:15 PT

Electric Truck Maker Rivian Files for IPO, Aiming for an $80 Billion Valuation

​Electric truck maker Rivian, a company backed by e-commerce giant Amazon and Ford Motor Co., has filed paperwork for an IPO, in one of the most anticipated Wall Street debuts in the auto industry since Tesla went public in June 2010.

FutureCar Staff 2021-10-03 11:15 PT

Electric Truck Maker Rivian Delays Deliveries of the R1T Pickup Until September

​Reservation holders eager to receive their new R1T pickup truck from electric vehicle startup Rivian will have to wait a few more months. The company announced that it has pushed forward deliveries of the The R1T Launch Edition a second time to September. In an email sent to R1T reservations holders, Rivian CEO RJ Scaringe, cited multiple factors for the delays, including the global chip shortage.

FutureCar Staff 2021-08-22 11:00 PT

Amazon-backed EV Startup Rivian Raises $2.6 Billion Led By T. Rowe Price

​Rivian, the electric vehicle startup backed by Amazon and Ford Motor Co announced Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price as the company moves closer to production of its R1T fully-electric pickup and companion R1S SUV. The company’s post-money valuation is now over $25 billion as Rivian looks to compete against trucks from Ford Motor Co and General Motors.

Eric Walz2021-02-25 14:05 PT

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Electric truck startup Rivian Automotive Inc. is close to raising a new round of funding that would value the startup at $25 billion, according to people familiar with the matter. Existing Rivian investors including e-commerce giant Amazon will participate in the latest funding round, which will raise several billion dollars for the electric truck startup.

FutureCar Staff 2021-02-11 17:35 PT

Amazon-owned Self-driving Startup Zoox Reveals its Compact 4-Passenger Robotaxi

Amazon owned self-driving startup Zoox has unveiled its autonomous passenger shuttle. The fully-functional, futuristic self-driving vehicle was purposefully built from the ground up by Zoox for commercial use as part of a robotaxi service.

Eric Walz2021-01-20 16:15 PT

Tesla Co-founder Plans to Be the World's Top Battery Recycler With New Venture

J.B. Straubel, co-founded electric automaker Tesla with Martin Eberhard and Marc Tarpenning and also served as the company’s first Chief Technical Officer, has big plans for his new battery recycling startup Redwood Materials. Speaking at the TechCrunch Mobility Sessions conference this week, Straubel said he wants to build Redwood Materials into the world’s top battery recycling company and one of the largest battery materials companies.

Eric Walz2020-11-14 09:00 PT

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

​Michigan-based electric truck startup Rivian is emerging as one of the hottest new electric vehicle startups since Tesla and the company has a big war chest to prove it. The Plymouth, Michigan-based company announced on Friday a new $2.5 billion investment round led by T. Rowe Price.

Eric Walz2020-08-16 09:00 PT

General Motors is Developing an Electric Van for Business Customers to Stave Off Tesla

U.S. automaker General Motors is developing a fully-electric van aimed at business users, including shipping companies. The van will be built at the automaker’s Detroit-Hamtramck plant in Michigan. GM does “don’t want to leave the door open for Tesla” as they did in consumer passenger cars, sources say.

Eric Walz2020-07-11 09:45 PT

Rivian, Amazon Provide New Details on Upcoming Electric Vans

The startup's electric delivery vans for Amazon will hit the roads next year.

Vineeth Joel Patel2020-03-16 07:00 PT

Ford & EV Startup Rivian are Building the First Fully-Electric Luxury Lincoln SUV

With some automakers behind the curve on electric vehicles, forming partnerships with promising EV startups is one way to gain some ground on Tesla. The Ford Motor Company officially announced that it will work with Plymouth, Michigan-based company electric truck startup Rivian to built the first fully-electric SUV under its luxury Lincoln nameplate.

Eric Walz2020-03-06 11:45 PT

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Today, electric vehicle startup Rivian announced a $1.3 billion funding round led by new investor T Rowe Price. The investment round also included BlackRock Inc. and participation from Rivian’s existing investors. The latest funding is Rivian’s fourth major investment this year.

FutureCar Staff 2020-01-29 13:25 PT