Company overview
Rivian Automotive, Inc. is an American electric vehicle manufacturer founded in 2009. The company designs and produces electric sport utility vehicles (SUVs) and pickup trucks, utilizing a skateboard platform for future vehicle development. Rivian also manufactures the electric delivery van, the Rivian EDV, sold to Amazon for its deliveries. Initial vehicle deliveries began in late 2021 with the R1T pickup truck and R1S SUV, followed by the R2 midsize SUV in 2026. Rivian operates the Rivian Adventure Network, a DC fast charging network in the United States. The company is headquartered in Irvine, California, with manufacturing facilities in Normal, Illinois; Palo Alto and Carson, California; Plymouth, Michigan; Vancouver, British Columbia; Wittmann, Arizona; Woking, England; and Belgrade, Serbia. Rivian initially focused on autonomous and electric vehicles before shifting its focus to electric vehicles exclusively in 2015. By November 2021, the company had raised over $13.5 billion in financing following its initial public offering. In December 2021, Rivian began delivering the R1S SUVs and its stock traded on the Nasdaq under the ticker "RIVN." As of June 2024, Rivian announced plans to incorporate Tesla’s charging standard and is pursuing a joint venture with Volkswagen Group to develop next-generation software-defined vehicle platforms.
