Recent events
Recent events tied to this brand in public sources.
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2021
Rivian prices IPO at $78 a share
Rivian priced its IPO at $78 a share on Tuesday, valuing the company at $66.5 billion. Rivian said it expects the IPO to bring in $11.9 billion, and its stock will trade on the Nasdaq under ticker symbol RIVN.
2021
Former Rivian executive files gender discrimination complaint
Former Rivian executive Laura Schwab filed a gender discrimination complaint against the automaker, alleging that Rivian fired her after she complained about a toxic workplace culture.
2021
Rivian introduces Rivian Membership
Rivian introduced Rivian Membership, a service offering owners complimentary charging at its planned Adventure Network and Waypoints chargers, unlimited 4G LTE connectivity, and other benefits. Each new Rivian vehicle would include 12 months of access.
2021
Rivian’s R1T begins rolling out of the assembly plant
Rivian said its consumer-focused R1T had driven out of its Normal, Illinois assembly plant, and that it hoped to deliver the vehicle to customers soon.
2021
Rivian files confidentially for an IPO
Rivian confirmed that it had confidentially filed for an initial public offering with the Securities and Exchange Commission; the offering’s size and price range had not yet been determined.
2021
Amazon begins using electric delivery vehicles in Metro Detroit
Amazon began making delivery runs from its Pontiac hub with three Rivian pre-production electric trucks, while staff were being trained to use the vehicles and their in-vehicle systems.
2021
Rivian closes $2.5 billion funding round
Rivian closed a $2.5 billion financing round led by Amazon's Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts managed by T. Rowe Price Associates.
2021
Rivian partners with Tennessee state parks on charging stations
The Tennessee Department of Environment and Conservation announced a partnership with Rivian to install Rivian Waypoint EV charging stations at Tennessee State Parks. Installations could begin in fall 2021 and may be completed by March 2022.
2021
Rivian announces an insurance offering
Rivian announced an insurance offering using its vehicle safety and connected-car features to provide personalized, competitively priced plans.
2021
Rivian partners with Samsung SDI on battery cell supply
Rivian partnered with Samsung SDI, which will supply battery cells for Rivian vehicles. The companies did not disclose the deal’s value or term length.
2021
Illinois dealer networks sue Rivian over direct sales
The Illinois Automobile Dealers Association and the Chicago Automobile Trade Association sued Rivian over its direct-to-customer sales model. The lawsuit seeks a state ruling requiring new vehicle manufacturers to sell through licensed franchised dealers.
2021
Rivian raises $2.65 billion in funding
Rivian announced a $2.65 billion funding round led by T. Rowe Price.
2021
Rivian closes $2.65 billion funding round
Rivian said it closed a $2.65 billion funding round on Tuesday, with the round led by T. Rowe Price and participation from several investors, including Amazon and Ford.
2021
Rivian announces $2.65 billion funding round
Rivian announced a $2.65 billion funding round led by T. Rowe Price, with Fidelity, Amazon's Climate Pledge Fund, D1 Capital Partners, Coatue and other existing investors also participating.
2020
Rivian accelerates production ramp-up
Rivian said it was accelerating its production ramp-up to get vehicles to customers more quickly, while its CEO described the company as supply-constrained for a long time.
2020
Amazon introduces custom electric delivery vehicle
Amazon introduced its first custom electric delivery vehicle, designed and built in partnership with Rivian. Amazon said 10,000 such vehicles could be on the road as early as 2022 and all 100,000 by 2030.
2020
Amazon debuts its first Rivian-built electric delivery van
Amazon received its first custom-built electric delivery van, created through its partnership with Rivian, and debuted the vehicle. Amazon said it planned to put 10,000 custom vans on roads globally within the next two years.
2020
Rivian denies Tesla’s allegations
A Rivian spokesperson called Tesla’s claims baseless and said Rivian requires employees to confirm that they have not and will not introduce former employers’ intellectual property into Rivian systems.
2020
Tesla sues Rivian over alleged trade secret theft
Tesla sued Rivian, alleging that Rivian recruited Tesla employees with the goal of stealing Tesla trade secrets and that employees took confidential information when leaving for Rivian. These are allegations in the lawsuit.
2020
Rivian secures $2.5 billion in funding
Rivian secured $2.5 billion in fresh funding, with participation from Soros Fund Management, Coatue, Fidelity Management and Research Company, Baron Capital Group, Amazon and BlackRock.