Rivian

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Rivian Automotive LLC
Private (LLC)
IndustryAutomotive
Founded2009
FounderRobert "RJ" Scaringe
HeadquartersPlymouth, Michigan, United States
Number of locations
Plymouth, Michigan
San Jose, California
Irvine, California
Normal, Illinois
Key people
  • RJ Scaringe (CEO)
  • Jiten Behl (Chief Strat egy Officer)
  • Mark Vinnels (Executive Director of Engineering)
  • Ryan Green (Chief Financial Officer)
Number of employees
600
Websitewww.rivian.com

Rivian is an American automotive technology company with research and development operations in Plymouth, Michigan, San Jose, California, and Irvine, California.[1] The firm also has a factory in Normal, Illinois,[2][3] and an engineering facility in the United Kingdom.

In December 2017, Rivian announced their intentions to build both an electronic sport utility vehicle (SUV) and pickup truck on the same platform. The truck would launch first, followed by the seven-passenger SUV.[4] As of June 2018, Rivian employed 410 people.[5]

History[edit]

Founded in 2009, Rivian is an automotive technology company developing products and services related to sustainable transportation. The company was founded as Mainstream Motors but changed its name to Avera Automotive before settling on Rivian in 2011. The company's founder and chief executive officer is Robert "RJ" Scaringe, a graduate of Massachusetts Institute of Technology's Automotive Laboratory.[1][3] Scaringe was named a "Champion of Change" by the Obama administration, an award that recognizes rising business and civic leaders.[6]

In 2011, Scaringe said the company had plans to release a car with cost in the mid-US$20,000 range and fuel economy equivalent of up to 60 miles per gallon (US), or 3.92 liters/100 km.[7] Rivian planned to release its first production car in 2013, with other models following in 2014.[8] These cars were never released. The company subsequently shifted its focus to autonomous electric vehicles.[1] In 2013,[9] the company moved its headquarters from Florida to Livonia, Michigan to be closer to key suppliers.[9][10]

In 2017, Rivian acquired a large Mitsubishi plant in Normal, Illinois, and its contents for $16 million. Rivian's strategy in acquiring the plant has been likened to Tesla's acquisition of the NUMMI plant in California.[2][3] The company received a $1 million grant and a five-year tax abatement from Normal contingent on meeting employment targets and investing $40.5 million over five years.[1] Rivian also received $49.5 million in tax credits from the state government; these credits are also contingent upon meeting employment targets and investing at least $175 million into the site by 2024.[2][3] Ahead of production, Rivian currently employs more than 50 people at the Normal facility.[5]

In December 2017, Rivian announced their intentions to build both an SUV and pickup truck on the same platform. The truck would launch first, followed by the seven-passenger SUV.[4]

The company has raised upwards of $450 million through several funding rounds. Some of Rivian's investors include Sumitomo Corporation of America,[4] Abdul Latif Jameel, and a loan from London's Standard Chartered Bank.[11] Of Rivian's funding, $200 million comes from a debt agreement with London's Standard Chartered Bank.

Rivian had 250 employees at the start of 2018.[12] As of the of June 2018, Rivian employs 410 people across their facilities in Plymouth, San Jose, Irvine and Normal.[5]

Vehicles[edit]

A 2011 prototype from Rivian, introduced by Scaringe
R1T pickup at the 2018 LA auto show
R1S SUV at the 2018 LA auto show

In November 2018, the company announced the R1T pickup truck, its first production vehicle, is planned to be released in the fourth quarter of 2020.

In May 2018, Rivian stated that they planned to name their upcoming truck and SUV the A1T and A1C respectively.[13] The A1T will be able to sprint from 0 to 97 km/h (60 miles per hour) in 2.8 seconds, wade through 1.1 m (3.6 feet) of water, and climb a 45% grade (slope). Both vehicles were unveiled at the LA Auto Show in November, 2018. The base trim will include a range of 320 km (200 miles) and the top trim will have upwards of 640 km (400 miles).[14]

In November 2018, Rivian named their truck and SUV the R1T and R1S and released a teaser video of the R1T.[15] The R1T truck debuted online on November 26, 2018, and the R1S SUV on November 27, 2018.

R1T and R1S Specifications[16]
Battery Pack Size 105 kWh 135 kWh 180 kWh
Power 300 kW (402 hp) 562 kW (754 hp) 522 kW (700 hp)
Torque 560 Nm (413 lb-ft) 1120 Nm (823 lb-ft)
Range (R1T) 370+ km
(230+ mi)
480+ km
(300+ mi)
640+ km
(300+ mi)
Range (R1S) 390+ km
(240+ mi)
500+ km
(310+ mi)
660+ km
(410+ mi)
Top Speed 201 km/h (125 mph)
Acceleration
0–60 mph
4.9 s 3 s 3.2 s

Facilities[edit]

The company has research and development operations in Plymouth, Michigan, San Jose, California, and Irvine, California.[1] The firm also has a factory in Normal, Illinois, and an engineering facility in the United Kingdom.

Rivian acquired a manufacturing plant near Normal, Illinois, in the former Mitsubishi Motors plant in January 2017.[17][18] As of 2017, the company planned for this plant to be the primary North American location for its manufacturing. The plant has a floor area of 220,000 m2 (2.4 million square feet).[1] The company says the plant has a paint shop, robotics, stamping machines, and other production equipment.[2][3]

See also[edit]

References[edit]

  1. ^ a b c d e f Bundle, Matt (5 August 2017). "Rivian quietly brings former Mitsubishi plant back to life". PJ Journal Star. Retrieved 28 November 2017.
  2. ^ a b c d Ayre, James (25 March 2017). "Rivian Automotive (Stealth EV Startup) Granted $49.5 Million In Tax Credits From Illinois, Governor Announces". Clean Technica. Retrieved 1 December 2017.
  3. ^ a b c d e Prenzler, Christian (6 January 2017). "Mysterious electric vehicle startup, Rivian Automotive closes deal on massive manufacturing facility in Illinois". Teslarati. Retrieved 1 December 2017.
  4. ^ a b c Prenzler, Christian (12 December 2017). "Rivian Reveals Strategic Investor and First Vehicles". AdaptBN. Retrieved 2018-08-21.
  5. ^ a b c Prenzler, Christian (29 June 2018). "Editorial: The Perfect Storm is Creating a Promising Future for Rivian". AdaptBN. AdaptLocal Media, LLC. Retrieved 20 August 2018. (Subscription required (help)).
  6. ^ Reed, Robert (15 December 2016). "Who is the mysterious auto startup that wants to bring jobs back to a shuttered Mitsubishi plant in Normal?". Chicago Tribune. Retrieved 1 December 2017.
  7. ^ "End Of Shuttle Program Leaves Thousands Jobless". NPR. 11 July 2011. Archived from the original on 13 July 2011. Retrieved 13 July 2011.
  8. ^ "Avera Motors of Rockledge becomes Rivian Automotive". Florida Today. 10 March 2011. Archived from the original on 17 March 2011. Retrieved 17 March 2011.
  9. ^ a b https://www.teslarati.com/diving-ev-startup-rivians-complex-history-clear-vision-forward/
  10. ^ Prenzler, Christian (9 August 2017). "Diving into EV-Startup Rivian's complex history and their clear vision forward". Chicago Tribune. Retrieved 1 December 2017.
  11. ^ Prenzler, Christian (23 May 2018). "Rivian Announces "Half a Billion" in Funding, Including $200M in Debt from London-based Bank". AdaptBN. Retrieved 2018-08-21.
  12. ^ Ryan Denham (January 9, 2018). "Searching for Clues Into Rivian's Electric Vehicle Future". WGIT. Retrieved November 30, 2018.
  13. ^ "Inside the automotive startup taking EVs off-road". Engadget. Retrieved 2018-08-21.
  14. ^ "This startup is building self-driving trucks and SUVs for futuristic off-road adventures". The Verge. Retrieved 2018-08-21.
  15. ^ "Rivian releases debut video of R1T Electric Adventure Vehicle™". Rivian. Retrieved 2018-11-15.
  16. ^ https://www.roadandtrack.com/new-cars/future-cars/a25303973/2020-rivian-r1t-electric-truck-photos-info-performance-specs-price/
  17. ^ https://www.reuters.com/article/us-autos-rivian-mitsubishimotors-idUSKBN13Y1SZ
  18. ^ Lambert, Fred (9 January 2017). "An electric vehicle startup comes out of stealth mode and buys shuttered Mitsubishi plant in Illinois". Electrek. Retrieved 9 January 2017.

External links[edit]