Rivian is an automotive and energy storage company based in Irvine, California. An SUV and a pickup truck are the main vehicles that the company will offer on the markets later this year, or sometime next. The design of these vehicles will allow them to be used for both on-road and off-road driving. Rivian raised about $10.5 billion since it was founded, which was in 2009. Out of the big players, Amazon had invested $700 million, and Ford was right behind with its $500 million.
Per a Bloomberg report, Rivian has filed for an initial public offering with a valuation metric of around $80 billion. They would like to IPO around November the 25th, on Thanksgiving. This all sounds great, but the company has yet to deliver the vehicles they have been working on, for so long. Will we be able to buy a Rivian stock and support the brand directly? Even with this in mind, the vision of Rivian is ambitious. Namely, Rivian plans on building their own charging network, something like Tesla has done with their Superchargers. As of right now, you can also buy their wall charger for home, along with the R1T or R1S. The wall charger will add 25 miles every hour of charging to the vehicle.
Quick overview or Rivian R1S SUV
Rivian R1S, their SUV vehicle, will come in 3 different battery sizes:
- 105kW battery : expected range: 240 miles (385km)
- 135kW battery : expected range: 310 miles (500km)
- 180kW battery : expected range: 410 miles (660km)
The 135kW R1S will have 754 horsepower, with the capability of reaching 0 to 100km/h in 3 secs. As for the customization of the car, there is a lot of flexibility. You can buy this vehicle with 5 seats, or with 7 seats. They even offer to buy a tent that can be mounted on the roof, for a full experience!