Rivian, the American start-up that caught the attention of many car enthusiasts, received a massive funding boost of $1.3 billion in December 2019. The electric vehicle (EV) maker managed to get support from big names like T. Rowe Price, BlackRock, Soros Fund Management, and Coatue to name a few. This investment sum is just one of many records that Rivian has managed to break in its journey so far.
The Rivian R1T Pickup – The Future of American-Made Electric Vehicles?
The Rivian R1T is an all-electric pickup truck that features a quad-motor design capable of delivering 750 horsepower. Its fully charged battery can give it a 400-mile range, making it one of the electric vehicles with the highest range so far. The R1T pickup comes fitted with 4-corners pneumatic air-suspension styled with dynamic torque vectoring and air compressor management. It features a ground clearance of 14 inches
It is not just its performance that sets the Rivian R1T apart from other electric cars. It is designed to be a reliable workhorse. It also features a lockable gear tunnel that is big enough to fit a couple of snowboards and an in-bed 110 to220v converter with three-pronged outlets to power tools or other gear. The interior is a mix of practicality and modernity, featuring a 15.6-inch touch screen display that is simple to use.
American-Made Electric Cars: Still a Distant Dream?
The Rivian R1T and the R1S SUV are part of a movement that seeks to establish electric cars as a viable option for people who care about the environment, are petrolhead-free and want dependable performance. In addition to making EVs that cater to environmental needs, Rivian hopes to lead the way in the production of premium electric vehicles that are made in the US.
The United States is the land of muscle cars, classic vehicles that Americans are proud of. While electric vehicles are gaining popularity, especially in California, there are still a significant number of car enthusiasts who are not planning to trade-in their V8 muscle cars any time soon. However, Rivian aims to make American-made electric cars that car enthusiasts will also love. They want to combine that “American-made” power and brute force with a modern, sustainable, and eco-friendly design philosophy centered around electric engines. If they can achieve this, they will have succeeded where many others have failed.
Rivian and Amazon’s Partnership
Rivian has partnered with Amazon, who preordered 100,000 electric delivery vehicles, to help them build the EVs from scratch. This collaboration will help Amazon, which has faced criticism for not being eco-friendly, fulfill its sustainability goals. This partnership is also a significant development for Rivian. It will open the doors to new industry segments, giving the company the opportunity to become an industry leader in the production of electric vehicles that caters to delivery and commercial services.
In addition to delivering 100,000 electric delivery vehicles for Amazon, Rivian has already started developing an electric SUV for Amazon that will be used for the company’s delivery services. Rivian plans to make this electric SUV available to the public once it completes its delivery orders for Amazon.
Rivian’s Latest Round of Funding
In July 2020, Rivian secured another $2.5 billion, bringing its total funding to more than $5 billion. The company is now valued at $27.6 billion, which is the highest valuation ever reached by an EV maker at this stage of its development. The company has stated that it will use this latest round of funding to continue developing its vehicles and expand its production facilities. Rivian’s success in attracting investors has turned a lot of heads in the auto industry. It has done so despite the ongoing global pandemic and the ensuing economic uncertainty.
The truck and SUV production startup boasts that it has sold out of the limited edition Rivian R1T and R1S Launch Edition models that come with unique badges, colors, and features. Rivian hasn’t released the exact number of preorders for the Launch Editions, but a company spokesperson has stated that demand has exceeded their initial expectations.
Rivian’s Next Big Thing: The Electric Rally Car?
Recently, there have been rumblings that Rivian is working on a new electric rally car. Rivian has yet to release any information about this new vehicle, but if it produces one, it will be the first of its kind. Electric rally cars will bring another level of excitement to the world of motorsport and could make electric cars more attractive to a broader audience.
Rivian's eventual goal is to develop a full range of EVs including trucks, SUVs, and cars that meet all the needs of drivers in terms of performance, design, and affordability. Its partnerships and production capacity are helping it to achieve this goal, and it looks like it is well on its way to becoming a leader in the electric car industry.
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How Rivian Stands Out In The EV Race | Geek Culture
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