Tag: rivian
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Rivian is now the 2nd most valuable US carmaker after its IPO surge – and its founder R.J. Scaringe is worth $2.2 billion
Rivian had one of the biggest IPOs in history on Wednesday. Rivian Rivian is now the second-most valuable US carmaker after Tesla, and is ahead of Ford and General Motors. Its stock has surged since its IPO on Wednesday, making its founder R.J. Scaringe worth at least $2.2 billion. The EV startup has only ever…
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Rivian investors hoping it’s going to be the next Tesla
Rivian, an electric-vehicle maker that has been around for over a decade, finally got around to delivering a product this year — 156 pickup trucks — and nearly all went to its employees.Despite that minuscule total, investors on Wednesday decided Rivian was in the same league as some of the most recognized names in the…
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Rivian revs up for $65bn valuation in IPO
The Jeff Bezos-backed electric carmaker Rivian is aiming for a market value of $65bn (£48bn) when shares start trading in New York, in one of the biggest-ever stock market floats. Rivian announced late on Tuesday that its shares would start trading at $78 each, significantly above the $52 a share lower end of the range…
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I drove the Rivian R1T truck. It’s the most adventurous EV yet.
As a left coast urbanite, I’m not exactly what you would call a truck guy. (Fifteen to 20 mpg when the world is warming and gas is pushing $5 a gallon? No thank you.) But I’m definitely an electric vehicle guy (most recently while testing the Lucid Air) and a self-sufficient camping out in the…
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Fired Rivian Exec Laura Schwab Files Discrimination Suit Over “Toxic Bro Culture”
The former vice president of sales and marketing at Rivian, Laura Schwab, has filed a lawsuit against the automaker in the Orange County Superior Court for gender discrimination and retaliation, The Wall Street Journal reports. Schwab joined the EV startup in November 2020 having previously served as president of Aston Martin of the Americas for…
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Rivian R1T prototype involved in strange accident with two parked vehicles
A Rivian R1T prototype was involved in a strange accident involving two parked vehicles in a California lot. According to eyewitnesses, the R1T mounted a curb and traveled at least 50 feet before colliding with a Mercedes-Benz S Class and a Ford Explorer. The R1T climbed over the curb before running up a grass-covered embankment,…
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Rivian R1T first reviews are in: A quick, quiet electric truck made for exploring nature
The first Rivian EV is here: Say hello to the R1T electric truck. With a $73,000 starting price for the “launch edition,” the R1T is going up against other luxury EV brands like Tesla and GMC’s Hummer EV. The Tesla Cybertruck won’t be here anytime soon — production has been delayed until 2022. Rivian’s first…
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Rivian R1T and R1S formally receive EPA rating above 300 miles
The official EPA ratings for the Rivian R1T pickup truck and the R1S SUV were released recently. Both the R1T and R1S received EPA ratings above 300 miles. According to the US Department of Energy, the 2022 Rivian R1T’s total range is 314 miles per charge or 70 miles combined MPGe. The 2022 Rivian R1S, on…
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Rivian announces a $2.5B funding round, bringing grand total to $10.5B
Rivian has announced another successful private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company, along with funds and accounts advised by T. Rowe Price. Third Point, Fidelity Management and Research, Dragoneer Investment Group, and Coatue participated in the second investment round of 2021. The funding round brings Rivian’s grand…
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Rivian’s $5 billion U.S. plant has Fort Worth, TX as frontrunner
Rivian’s second U.S manufacturing facility, which the company intends to spend $5 billion on, will most likely land in Fort Worth, Texas, as of now. Last evening during the Fort Worth City Council Work Study, a presentation from the Economic Development Department expanded on the economic benefits of the project, along with the most suitable…