On Friday, Rivian significantly raised the expected offer price of its shares in its upcoming IPO. Earlier this week, the company was looking at $62 per share, putting their valuation around $53 billion. However, the […]
With the first deliveries underway in the US and production starting to ramp up ahead of deliveries in Canada, a Rivian R1T has been spotted in Vancouver, BC. The stunning Compass Yellow R1T was seen […]
After a bit of a slow start, Rivian has been able to ramp production and as of the end of October deliver 156 R1T electric pickup trucks, mostly to employees. With the number of customers […]
Laura Schwab, a former Vice President of Sales and Marketing with Rivian, filed a gender discrimination complaint with the California Superior Court. The complaint alleges that Rivian fired her after Schwab complained about “toxic bro […]
Last month we reported on Rivian’s shockingly low R1T production rate, which as of October 22, 2021 had amounted to just 56 electric trucks. That worked out to a rate of just 1.47 R1Ts per […]
According to a new regulatory filing, Rivian is hoping to raise as much as $8.4 billion through its initial public offering (IPO) later this year. To raise that much money the company is planning to […]
Rivian has filed plans with the Town of Normal requesting approval for an amended site for a 623,000 square foot addition top their manufacturing facility in Illinois. The new addition would be built along the […]
The Normal and Bloomington Fire Departments responded to a fire at Rivian‘s manufacturing facility in Illinois last night. There were no injuries reported and no major damage as a result of the fire. The first […]
Rivian made a big splash last month when it announced on September 14, 2021 that they had officially begun series production of the R1T electric pickup truck. Reservation holders were hoping that meant deliveries would […]
The first customer-ready R1T electric pickup truck rolled off the automaker’s production line in mid-September. It was a significant moment for Rivian after more than a decade of work to get to that point. With […]
