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

Korea Herald reports that according to industry sources, Rivian is in talks with Samsung SDI for battery supply. This has been made as a conclusion after high-ranking officials of the two companies recently held a meeting that's supposed to conclude the deal. When asked to comment, an official at Samsung SDI said: "The company can’t reveal any details related to its customer." Three days ago, Lucid announced that it...

27 February 2020

Rivian and Lincoln have announced that they are working together on Lincoln's first electric vehicle, which will be based on Rivian's skateboard platform. The vehicle will progress Lincolns Quiet Flight DNA and feature advanced and intuitive technologies. It is part of Ford's planned equity investment in Rivian and a part of Fords previously announced investment of more than $11.5 billion into electrification, which...

30 January 2020