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About Rivian
Industries
Automotive & Transportation
Company Size
10,001+
Company Stage
IPO
Headquarters
Irvine, California
Founded
2009
Overview
Company Historically Provides H1B Sponsorship
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, appealing to eco-conscious consumers who seek high-performance transportation options while minimizing their environmental impact.
Simplify's Take
What believers are saying
- Rivian's expansion into micromobility opens new revenue streams and diversifies product offerings.
- The partnership with iKamper enhances Rivian's appeal to adventure enthusiasts, boosting accessory sales.
- Rivian's manufacturing expansion in Illinois shows commitment to scaling operations and meeting demand.
What critics are saying
- Expansion into micromobility could divert focus from Rivian's core electric vehicle business.
- Significant capital investment in Illinois plant expansion could strain resources if sales falter.
- Direct-to-consumer model may limit market reach compared to competitors with dealership networks.
What makes Rivian unique
- Rivian focuses on adventure-oriented electric vehicles, appealing to eco-conscious consumers.
- The company uses a direct-to-consumer sales model, enhancing customer experience and brand loyalty.
- Rivian's vehicles are designed for both on-road and off-road adventures, offering versatility.
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Funding
Total Funding
$33318.3M
Above
Industry Average
Funded Over
9 Rounds
Coatue ManagementBenefits
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
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%As Rivian drives toward launch of R2 and R3, company to be minority shareholder in California-based venture
Rivian expands plant in Normal for R2 production.
Rivian also has been working on a midsize SUV with five seats that starts at $45,000, a lower price compared to its larger vehicles.
Rivian has launched Also, a new micromobility company, with $105M from Eclipse Ventures.
Rivian is advancing construction on a 1.1 million square foot manufacturing expansion at its Normal, Illinois plant to produce its upcoming R2 electric vehicle line scheduled for delivery in 2026.
Rivian is Hiring for 12 Jobs on Simplify!
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About Rivian
Industries
Automotive & Transportation
Company Size
10,001+
Company Stage
IPO
Headquarters
Irvine, California
Founded
2009
Rivian is Hiring for 12 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Rivian