Rivian

Develops electric vehicles for outdoor adventures

Irvine, California, United States

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About Rivian

Rivian develops electric vehicles (EVs) and services aimed at outdoor exploration and adventure. Their main products are the R1T electric truck and the R1S electric SUV, both designed for various terrains, making them suitable for on-road and off-road use. Rivian's vehicles receive regular software updates to enhance features and performance over time. Unlike traditional car manufacturers, Rivian sells directly to consumers through their website and showrooms, allowing for a more personalized buying experience. This direct-to-consumer model helps them build closer relationships with customers. Rivian focuses on sustainability and adventure, targeting eco-conscious consumers who appreciate high-performance vehicles while minimizing their environmental impact.

Irvine, CaliforniaHeadquarters
2009Year Founded
$11,981.1MTotal Funding
IPOCompany Stage
Automotive & TransportationIndustries
10,001+Employees

Benefits

Ownership for All: We offer every employee the opportunity to own Rivian stock through equity programs, supporting their financial wellness.
Mental and Emotional Wellness: We provide employees and their families access to mental wellness platforms and our Employees Assistance Program
Fertility and Family Planning: We support diverse family-building journeys, providing employees with benefits such as paid parental leave and financial support for adoption, fertility treatments or surrogacy.
Competitive Compensation: We offer competitive compensation packages driven by mutual investment in our long-term growth and success.
Career Development: We enable all employees to own their development. Continuous learning opportunities and tuition reimbursement help drive performance, boost engagement and develop future leaders.
Transgender Benefits: In alignment with WPATH guidelines, our 2022 plans provide coverage toward medical, pharmacy and cosmetic needs.

Risks

Increased competition from Ford and GM could impact Rivian's market share.
The UAW agreement may lead to higher labor costs if Rivian becomes profitable.
Rivian's direct sales model faces challenges from adapting traditional dealerships.

Differentiation

Rivian focuses on adventure-oriented electric vehicles for eco-conscious consumers.
The company uses a direct-to-consumer sales model, bypassing traditional dealerships.
Rivian emphasizes continuous innovation with software updates and new features.

Upsides

Rivian's partnership with Volkswagen may enhance battery technology and vehicle performance.
The introduction of the R2S SUV targets urban and off-road consumers.
Rivian's collaboration with Emrgy supports its sustainability goals with renewable energy.

Funding

Total raised$11.98 B
Latest valuation$77.00 B
StageIPO
POST IPO DEBT
10/31/2024
$6.6 K
POST IPO EQUITY
5/31/2024
$1.0 K
GRANT
4/30/2024
$827
POST IPO CONVERTIBLE
2/28/2023
$1.3 K
IPO
10/31/2021
$11.9 K
$77.00 B
CONVERTIBLE
9/30/2021
$490
GROWTH EQUITY VC
6/30/2021
$2.5 K
$27.60 B
DEBT
4/30/2018
$200
EARLY VC
11/30/2015
$500
$2.50 B