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Electric Truck Maker Rivian Opens the First Fast Chargers in Colorado for its Nationwide ‘Adventure Network’

Electric Truck Maker Rivian Opens the First Fast Chargers in Colorado for its Nationwide ‘Adventure Network’

Electric truck maker Rivian has opened the first three fast charging sites this week in Colorado and California that will be part of its nationwide "Rivian Adventure Network". The Level 3 DC fast charging sites will initially provide over 200 kilowatts of power, allowing Rivian drivers to add as much as 140 miles of range in just 20 minutes.

Eric Walz2022-06-27 16:15 PT

Rivian to Install Electric Vehicle Chargers in Michigan State Parks as Part of a New Partnership

Rivian to Install Electric Vehicle Chargers in Michigan State Parks as Part of a New Partnership

Michigan Governor Gretchen Whitmer was joined today by electric truck maker Rivian and state and local officials near the beaches of Lake Michigan at Holland State Park to celebrate the first opening of approximately 30 electric vehicle charging sites that will be installed at Michigan state parks over the next few years at part of a new collaboration.

Eric Walz2022-05-27 09:45 PT

Electric Truck Maker Rivian Hires Magna International Executive as Chief Operating Officer, Will Help to Fix its Production Problems

Electric Truck Maker Rivian Hires Magna International Executive as Chief Operating Officer, Will Help to Fix its Production Problems

Electric truck and SUV maker Rivian has hired Frank Klein as its new Chief Executive Officer (COO) to help fix its production problems, which are stalling deliveries of its electric R1T pickup and R1S SUV. Klein is a former executive at contract manufacturer Magna International, which in the past has built vehicles for BMW, Jaguar and Mercedes Benz under its European division Magna Steyr in Austria.

Eric Walz2022-03-14 12:50 PT

After Hiking Prices By Up to 20% This Week, Rivian CEO Reverses Course, Will Honor the Original Prices Quoted to Reservation Holders

After Hiking Prices By Up to 20% This Week, Rivian CEO Reverses Course, Will Honor the Original Prices Quoted to Reservation Holders

After public outcry over electric truck maker Rivian unexpectedly raising prices on March 1, CEO R.J. Scaringe has reversed course. He sent an email to reservation holders saying the company will honor the original prices quoted to customers that put down deposits before March 2 for a Rivian vehicle. He also explained what led to the price hikes in the first place, which was not communicated to customers.

Eric Walz2022-03-03 10:30 PT

Electric Truck Maker Rivian Aims for a 10% EV Market Share by 2030

Electric Truck Maker Rivian Aims for a 10% EV Market Share by 2030

Rivian Chief Executive Officer R.J. Scaringe said at a conference on Thursday that the electric vehicle company is "making progress" in the increase of production at its factory in Normal, Illinois and the company aims to take a 10% share of the U.S. EV market by 2030.

Eric Walz2022-02-24 15:20 PT

Electric Truck Maker Rivian Signs 7-Year Lease on a Distribution Center in Kentucky

Electric Truck Maker Rivian Signs 7-Year Lease on a Distribution Center in Kentucky

Electric truck maker Rivian signed a seven year lease on a 327,000 sq ft distribution center in South Louisville, KY after it was acquired by real estate firm JLL Income Property Trust for $39.5 million. The location is a short drive from major distribution hubs including UPS Worldport 5.2 million square feet airport hub, UPS Centennial Hub, which is one of the largest UPS sorting facilities in the U.S. and Louisville International Airport.

Eric Walz2022-01-12 15:45 PT

Rivian’s 400-Mile Battery Pack Delayed Until 2023

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 Patel2022-01-01 06:50 PT

Rivian Notifies Reservation Holders That the R1S Electric SUV Will Be Delayed Until Mid-2022

Rivian Notifies Reservation Holders That the R1S Electric SUV Will Be Delayed Until Mid-2022

Amazon-backed electric vehicle maker Rivian started notifying customers who have reserved the R1S SUV of extended delivery delays, several media outlets reported on Wednesday. Rivian shares fell 4.5% to $114.31 in afternoon trade as investors fear that Rivian won’t be able to fulfill orders for the R1T and R1S SUV as promised.

FutureCar Staff 2021-11-24 11:00 PT

In a Boost to Electric Truck Maker Rivian, Illinois Governor Signs into Law the ‘Reimagining Electric Vehicles in Illinois Act’

In a Boost to Electric Truck Maker Rivian, Illinois Governor Signs into Law the ‘Reimagining Electric Vehicles in Illinois Act’

On Tuesday, Illinois Governor JB Pritzer signed the “Reimagining Electric Vehicles in Illinois Act” into law, which aims to incentivize electric vehicle production across the state. The state is home to Rivian’s electric vehicle factory, which is currently building the Rivian R1T pickup as well as electric delivery vans for e-commerce giant Amazon.

Eric Walz2021-11-18 12:45 PT

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

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 Patel2021-11-13 07:30 PT

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

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 Walz2021-11-10 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

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 Walz2021-11-09 10:00 PT

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

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 Walz2021-10-20 15:00 PT

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

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 2021-09-15 11:50 PT

Rivian R1S, R1T Rated at Over 300 Miles by EPA

Rivian R1S, R1T Rated at Over 300 Miles by EPA

The EPA has completed its range testing on Rivian’s all-electric vehicles and they’re both rated at above 300 miles.

Vineeth Joel Patel2021-09-11 07:15 PT

Rivian Reportedly Waiting for Government Approval To Deliver R1T

Rivian Reportedly Waiting for Government Approval To Deliver R1T

Rivian CEO RJ Scaringe claims that the automaker is on track to begin delivering its all-electric R1T pickup truck in September.

Vineeth Joel Patel2021-08-28 17:00 PT

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

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 2021-08-27 11:15 PT

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

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 2021-07-16 11:00 PT

Electric Truck Startup Rivian Applies for Zoning Amendment for a 380 Acre Site Near its Illinois Factory for Future Expansion

Electric Truck Startup Rivian Applies for Zoning Amendment for a 380 Acre Site Near its Illinois Factory for Future Expansion

​Electric truck maker Rivian has not yet delivered its first electric vehicle, but the company is already eying expansion at its Normal, Illinois factory as it looks to become the Tesla of trucks.

FutureCar Staff 2021-03-12 16:00 PT

Amazon-backed Electric Vehicle Startup Rivian Aims for U.S. IPO This Year

Amazon-backed Electric Vehicle Startup Rivian Aims for U.S. IPO This Year

​Electric truck startup Rivian intends to launch its U.S. IPO by the end of the year, taking advantage of investor interest in electric vehicles that pushed Tesla’s stock to record highs in 2020. Rivian could launch its IPO as early as September. The company is one of the most well funded electric vehicle startups. Last month, Rivian announced a $2.6 billion investment round led by T. Rowe Price. The company said it has raised $8 billion since the start of 2019.

FutureCar Staff 2021-02-10 12:15 PT

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