Rivian

Rivian

Develops electric vehicles for outdoor adventures

About Rivian

Simplify's Rating
Why Rivian is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Company Size

10,001+

Company Stage

IPO

Total Funding

$12B

Headquarters

Irvine, California

Founded

2009

Overview

Company Historically Provides H1B Sponsorship

Rivian develops electric vehicles (EVs) and services aimed at promoting 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 are equipped with technology that allows for software updates and new features over time, ensuring they remain current with consumer needs. Unlike traditional car manufacturers, Rivian sells directly to consumers through their website and showrooms, which fosters a closer relationship with customers and enhances the buying experience. The company focuses on sustainability and adventure, targeting eco-conscious consumers who appreciate high-performance vehicles. Rivian's goal is to inspire exploration while minimizing environmental impact, carving out a unique niche in the automotive market.

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Funded Recently
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Simplify's Take

What believers are saying

  • Collaboration with Volkswagen enhances Rivian's competitive edge in the EV market.
  • Potential legislative changes in Washington could expand Rivian's market access.
  • $6.6 billion funding for Georgia plant boosts production capacity and job creation.

What critics are saying

  • Reliance on Volkswagen poses a risk if partnership faces disruptions.
  • Legislative changes in Washington could impact Rivian's sales model if not passed.
  • $6.6 billion loan for Georgia plant is contingent on compliance with conditions.

What makes Rivian unique

  • Rivian focuses on eco-friendly adventure vehicles, appealing to environmentally conscious consumers.
  • Direct-to-consumer sales model allows Rivian to maintain a closer customer relationship.
  • Rivian's vehicles are designed for both on-road and off-road adventures.

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Funding

Total Funding

$11981.1M

Above

Industry Average

Funded Over

9 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

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.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

4%

2 year growth

-1%
Investing.com
Feb 19th, 2025
Factbox-US EV startups under spotlight as Nikola files for bankruptcy

Rivian (NASDAQ:RIVN) is seen to be better placed than its rivals, thanks in part to a joint venture with German automaker Volkswagen (ETR:VOWG_p) Group, which in November raised its funding amount to $5.8 billion to develop electric vehicles and architecture.

GeekWire
Feb 4th, 2025
Tesla Could Lose Its Big Ev Sales Advantage In Washington State If Lawmakers Pass New Rules

The Tesla showroom at University Village in Seattle. (GeekWire Photo / Lisa Stiffler)Tesla could soon lose its electric vehicle sales advantage as Washington state lawmakers are taking their third shot at legislation that would give Rivian, Lucid and others the right to offer test drives and sell their vehicles directly to consumers.Tesla is the sole manufacturer in Washington with that marketing deal — all other carmakers must sell through franchise dealerships.The proposal comes as Tesla founder Elon Musk has taken a highly controversial leadership role in the Trump administration and become increasingly polarizing. Some Tesla drivers are slapping “I Bought This Before We Knew Elon Was Crazy” bumper stickers on their vehicles, and a fraction of drivers internationally say they are selling or thinking of selling their Teslas because of Musk.The EV sector in general is facing a slate of challenges as President Trump is unraveling policies supporting the shift from climate-warming combustion vehicles to EVs.Today the Senate Committee on Labor Commerce is scheduled to hear testimony on SB 5592, a measure with both Democratic and Republican sponsors. The law would:. Allow zero-emissions vehicles to be sold directly to consumers provided the automaker establishes at least two service centers in the state and offers mobile vehicle servicing.Allow online direct sales of the vehicles, with delivery through a designated service center, delivery center or a partnership dealer.Require vehicle warranties and options for repairs.Require the Washington State Department of Commerce to create a program for training technicians in zero-emission vehicle repairs and to assist traditional auto dealers in the shift to EV sales. The House has a companion bill, HB 1721, which also has bipartisan support.Backers of the effort have formed a group called the Washington Clean Car Choice Coalition

CarBuzz
Jan 27th, 2025
Video: Rivian Wants A Piece Of Tesla's Semi-Autonomous Pie

Rivian will launch Level 3 systems very, very soon.

Ford Authority
Jan 27th, 2025
Rivian Plans To Launch Ford BlueCruise Rival This Year

Rivian plans to launch Ford BlueCruise rival this year.

Bay Street
Jan 27th, 2025
Tesla Model Y Redesign: Revolutionary or Regressive?

Notably, Rivian (RIVN) introduced an iconic light bar on the hood.

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