Rivian

From EV Charger Wiki
Rivian Automotive, Inc.
Rivian logo and wordmark.svg.png
Founded June 2009
Headquarters Irvine, California U.S.
Industry Electric vehicle manufacturer
Area Served North America
Key People R. J. Scaringe (CEO)
Market Capital N/A
Annual Revenue $1.66 billion (2022)
Operating Income $−6.8 billion (2022)
Net Income $−6.7 billion (2022)
Total Assets $17.9 billion (2022)
Total Equity $13.8 billion (2022)
Owners Amazon (18.1%)

Abdul Latif Jameel (12.7%)

Number of Employees 14,122 (December 2022)
Website https://rivian.com/
Social Media Youtube, Twitter
Notes Specializes EV Charger, automotive technology and outdoor recreation company.



Rivian

Overview

As an American electric vehicle manufacturer and pioneer in outdoor recreation and automotive technology, Rivian Automotive, Inc. is a leader in innovative technology. Since its establishment in 2009. The business has grown to become a major force in the electric vehicle industry. Designed on a modular skateboard platform, Rivian's flagship products are an electric sport utility vehicle (SUV) and a revolutionary pickup truck that can be easily incorporated into other car brands' lineups or future vehicle models.

A thrilling aspect of Rivian's portfolio is the advancement of an electric conveyance van, known as the Rivian EDV, as a team with the internet business monster, Amazon. The organization denoted a critical achievement with the commencement of conveyances for its R1T pickup truck in late 2021, displaying its obligation to mold the eventual fate of maintainable transportation. Rivian envisions spreading out a select charging network across the US and Canada toward the finish of 2023, developing its obligation to support its creating task force of electric vehicles.

Headquartered in Irvine, California, Rivian's assembling plant is decisively situated in Normal, Illinois. The organization flaunts extra offices in key areas like Palo Alto, California; Carson, California; Plymouth, Michigan; Vancouver, English Columbia; Wittmann, Arizona; and Woking, England. Rivian's aggressive extension plans incorporate the development of another US$5 billion production line in Georgia, exhibiting its tireless quest for greatness in electric vehicle fabricating.

Since its IPO in November 2021, Rivian has soared to new heights, securing over US$13.5 billion in financing. The company's success story is underscored by its dynamic growth, with employee numbers surging from 250 at the beginning of 2018 to a staggering 9,000-plus by November 2021. Rivian's strategic vision and innovative prowess have positioned it as a trailblazer in the electric vehicle landscape.

History

Rivian Automotive, Inc., commenced its journey in 2009 as Mainstream Motors in Rockledge, Florida, founded by Robert RJ Scaringe. Initially aspiring to create a sports car, the company underwent name changes, becoming Avera Automotive and then Avera Motors, before settling on the iconic Rivian Automotive in 2011, a playful homage to the Indian River near Scaringe's upbringing.

In the early stages, Rivian's focus was on the R1, a mid-engine hybrid coupe designed by Peter Stevens. However, a strategic shift in 2011 led to the shelving of the sports car project, as Rivian aimed for a more substantial impact on the automotive industry.

The year 2015 denoted a huge defining moment with significant ventures, moving Rivian into another period. Research offices were laid out in Michigan and the San Francisco Straight Region, cementing the organization's obligation to electric independent vehicles. Rivian turned only to electric and independent innovations, making way for a thorough item setup.

The acquisition of a manufacturing plant in Normal, Illinois, in 2017 was a landmark move. Formerly owned by Mitsubishi Motors, this facility became Rivian's primary North American manufacturing base, echoing Tesla's acquisition of the NUMMI plant. This strategic decision positioned Rivian with a production-ready facility, accelerating its timeline for vehicle manufacturing.

December 2017 marked the unveiling of Rivian's first products: the R1T, a five-passenger electric pickup truck, and the R1S, a seven-passenger SUV. Originally named A1T and A1C, the vehicles were rebranded in November 2018 and showcased at the LA Auto Show. Intended for unpleasant territory and furnished with semi-independent highlights, these models established the groundwork for Rivian's aggressive creation plan.

Workforce expansion mirrored Rivian's growing ambitions, from 250 employees in early 2018 to over 3,000 by November 2020. By its IPO in November 2021, Rivian boasted a workforce exceeding 9,000, a testament to its rapid ascent in the electric vehicle sector.

In spite of difficulties, including delays credited to the worldwide semiconductor deficiency, Rivian accomplished a notable achievement in September 2021. It turned into the main automaker to bring a completely electric pickup, the R1T, to the customer market. Client conveyances started in October 2021, denoting an essential second for the organization.

The IPO on November 10, 2021, marked another milestone, valuing Rivian at approximately $66.5 billion. Post-IPO, the company experienced both successes and shifts in strategic plans, with Ford retaining a 12 percent stake. By the end of 2022, Ford sold around 90 percent of its stake for $3 billion.

The year 2022 brought challenges, including price increases for the R1T and R1S due to semiconductor shortages. Despite facing backlash, Rivian committed to honoring original preorder prices. The company's resilience and impact were recognized in March 2022 when it secured a spot on TIME's List of 100 Most Influential Companies.

Rivian faced scrutiny in July 2022 as it announced a 6% workforce reduction in response to economic challenges. In September 2022, a strategic move involved an MoU with Mercedes-Benz Group for a joint venture to manufacture large commercial electric vans in Europe. Plans for this partnership were reconsidered in December 2022, highlighting Rivian's adaptability.

In October 2022, Rivian gave a willful review of 13,000 vehicles, exhibiting its obligation to be somewhere safe and secure. The start of 2023 brought reports of executive departures, indicating a challenging period for the company. Despite this, Rivian made forward-looking decisions, appointing Frank Klein as COO in March 2022.

June 20, 2023, brought a strategic announcement, indicating Rivian's intent to incorporate Tesla's North American Charging Standard into its R1T trucks and R1S SUVs by 2025. Late 2023 revealed Amazon's electric delivery van fleet reached 10,000 units, and plans were unveiled for a new Georgia manufacturing facility in 2024.

In its dynamic history, Rivian's journey reflects resilience, adaptability, and a commitment to shaping the future of electric vehicles. As the company navigates challenges and embraces opportunities, its impact on sustainable transportation continues to evolve, solidifying its position as a key player in the electric automotive landscape.

Products and Services

1. R1T Pickup Truck: The R1T is Rivian's pivotal, all-electric pickup truck intended to rethink the capacities of rough terrain and on-street driving. Sent off in late 2021, the R1T highlights a hearty skateboard stage, consolidating execution, strength, and eco-accommodating properties.

2. R1S SUV: The R1S is Rivian's fully electric SUV, sharing the same platform as the R1T. With seating for up to seven passengers, the R1S combines luxury and off-road capability, making it a versatile choice for families and adventure enthusiasts alike.

3. Rivian EDV (Electric Delivery Van): In collaboration with Amazon, Rivian is venturing into the commercial sector with the production of electric delivery vans. This initiative aims to revolutionize last-mile delivery services, combining the efficiency of electric propulsion with the practicality needed for logistics.

4. Charging Network: Rivian is effectively chipping away at laying out a select charging network across the US and Canada. This framework is critical to help the developing armada of Rivian electric vehicles, giving advantageous and dependable charging answers for proprietors.

5. Rivian App: The remote car management feature of the Rivian app improves user experience by enabling owners to track the location of the vehicle, monitor charging, and adjust climatic settings. A smooth and comprehensive ownership experience is guaranteed by this connectivity.

6. Configurator: Rivian provides a user-friendly online configurator that allows customers to customize their R1T or R1S according to their preferences. From exterior colors to interior features, customers can tailor their vehicles to suit their individual styles and needs.

7. Rivian Gear: Complementing its vehicles, Rivian offers a range of branded accessories and gear. From apparel to adventure equipment, Rivian Gear allows enthusiasts to express their connection to the brand's ethos.

8. Warranty Coverage: Rivian guarantees inclusion to its electric vehicles, offering consolation to clients with respect to the presentation and strength of their venture. Points of interest in the guarantee, including the inclusion of the battery and different parts, add to the general incentive.

9. Customer Support: With channels for questions, help, and service requests, Rivian is committed to providing top--notch customer support. The company's dedication to the contentment and allegiance of its customers is emphasized by it's responsive and customer-focused approach.

10. R2 Platform: Rivian has declared plans for the R2 platform, flagging the organization's expectation to keep enhancing the electric vehicle space. Insights regarding the R2 platform and potential new models are enthusiastically expected as Rivian keeps on forming the eventual fate of economical transportation.

11. Collaborations: Rivian has demonstrated a willingness to collaborate with industry leaders, as seen in its partnership with Amazon for the electric delivery van. Future collaborations, such as the planned joint venture with Mercedes-Benz Group, underscore Rivian's openness to strategic alliances in pursuit of shared goals.

EV Home Charger Models

Public Charging Station Models

Contact Information

Phone Number: +1 734-855-4350

Email Address: info@rivian.com

Headquarters: 15770 Laguna Canyon Rd, Suite 100, Irvine, CA 92618, US

Official website: https://rivian.com/

Certifications & Compliance

1. ISO 9001: Rivian has gotten an ISO 9001 certificate, an internationally perceived norm for quality administration frameworks. This confirmation means Rivian's obligation to reliably give items and administrations that meet client and administrative necessities. It mirrors the organization's accentuation on quality confirmation in its assembling processes, guaranteeing the dependability and execution of its electric vehicles.

2. ISO 14001: ISO 14001 certification shows Rivian's obligation to ecological administration rehearses. This standard spotlights limiting the ecological effect of business tasks, including assembling and storing network processes. Rivian's adherence to ISO 14001 mirrors its devotion to supportable and eco-accommodating practices in accordance with the standards of electric portability.

3. Occupational Health and Safety Management: Rivian puts a high need on the security and prosperity of its workers. The organization lines up with word-related well-being and security the board principles to establish a protected workspace. Consistency with these principles guarantees that Rivian's assembling offices and work environments focus on the well-being and security of its labor force.

4. Federal Motor Vehicle Safety Standards (FMVSS): As a car maker, Rivian should stick to the Federal Motor Vehicle Safety Standards (FMVSS) set by the National Highway Traffic Safety Administration (NHTSA) in the US. Consistency with FMVSS guidelines guarantees that Rivian's electric vehicles meet laid-out security prerequisites, covering perspectives like crashworthiness, inhabitant assurance, and vehicle execution.

5. National Electric Vehicle Sweden (NEVS) Certification: Rivian's commitment to global standards is evident in its adherence to the National Electric Vehicle Sweden (NEVS) certification. NEVS focuses on electric vehicle technologies and standards, and Rivian's compliance with NEVS certification reflects its alignment with international benchmarks for electric mobility.

6. EPA Certification and Compliance: Rivian electric vehicles undergo certification and compliance processes established by the Environmental Protection Agency (EPA) in the United States. This includes meeting stringent emissions and efficiency standards, further solidifying Rivian's commitment to reducing the environmental impact of its vehicles.

7. Regulatory Compliance: Rivian diligently adheres to regulatory requirements in various regions where it operates. This encompasses compliance with transportation, environmental, and safety regulations, ensuring that Rivian's electric vehicles are approved for sale and operation in different markets.

8. Future Regulatory Anticipation: In the quickly advancing scene of electric vehicles, Rivian expects and gets ready for future administrative changes. The organization effectively draws in administrative bodies to remain in front of arising principles and to add to the improvement of guidelines that advance manageable transportation.