Rivian announced production totals for the quarter ending March 31, 2023. The company produced 9,395 vehicles at its manufacturing facility in Normal, Illinois, and delivered 7,946 vehicles during the same period. These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided. The company also announced that on May...

4 April 2023

Beginning in early 2023, Rivian R1T and Rivian R1S will be available to reserve in three All-Wheel Drive (AWD) configurations: Dual-Motor, Enhanced Dual-Motor, and Quad-Motor. All three systems deliver instant torque and precise control, with exceptional driving dynamics both on-road and way off. Currently only the Dual-Motor and Quad-Motor versions with various battery packs are listed on the design studio online...

5 February 2023

Samsung SDI will supply batteries to Rivian for its electric vehicles. The US company backed by Amazon.com Inc. and Ford Motor Co., said in a statement that the two companies have been working together on the batteries "throughout the vehicle development process." Rivian plans to start mass production of R1T pickup and R1S SUV this year. The R1T starts at $75,000 and deliveries begin in June, according to its...

13 April 2021

Rivian has closed an investment round of $2.65 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc. This round also included Fidelity Management and Research Company, Amazon's Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other existing and new investors. "This is a critical year for us as we are launching the R1T, the R1S and the Amazon commercial...

20 January 2021

Rivian has announced that a pilot Rivian Skateboard frame tests out its new cradle lately at the company's plant in Normal, IL. This has allowed the team to be more precise with the delivery times of its advetnture electric vehicles. So here it is: "R1T deliveries will begin June 2021. R1S deliveries will begin August 2021."

27 July 2020

Rivian has closed an investment round of $2.5 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc. Participants in this investment round include Soros Fund Management LLC, Coatue, Fidelity Management and Research Company, and Baron Capital Group. Existing shareholders Amazon and funds managed by BlackRock also participated. No new board seats have been added, and additional...

10 July 2020