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The EV start up aiming to make a sustainable future fun

Meet Rivian, the EV start-up that aims to make a sustainable future fun.

The electric vehicle start-up has received investment from some of the biggest companies in the world, including Amazon, Ford, Cox Automotive, Abdul Latif Jameel and Sumitomo Corporation of America.

Rivian aims to make a sustainable future fun by developing emission-free vehicles built to go anywhere and tackle anything.

But who actually are Rivian? Who's funding them and how will they achieve a sustainable future?

Here's everything you need to know about Rivian.

Who are Rivian?

Founded in 2009 by CEO Robert "RJ" Scaringe, Rivian is an American car manufacturer, automotive technology company. Rivian develops vehicles, products and services that aim at making the future of transportation sustainable and fun.

Rivian is already building an electric pickup truck, SUVs and recently announced Amazon's order of 100,000 electric vans.

Rivian's vision is to make the future of sustainable motoring fun by designing vehicles with semi-autonomous vehicles that are built for both on and off-road.

Who is funding Rivian?

Rivian is backed by some of the world's biggest companies, last year Rivian received a £160 million investment from Standard Chartered Bank and previously secured more than £358 million from equity investors.

Ford also announced this year that they would invest over £390 million, Amazon also revealed that they have placed an order of 100,000 electric vans along with other investment to accelerate Rivian's electric vehicle production.

List of funders investing in Rivian:

  • Cox Automotive
  • Ford Motor Company
  • Amazon
  • Standard Chartered Bank
  • Sunitomo Corporation of America

Who owns Rivian?

Rivian is owned by CEO Robert "RJ" Scaringe, graduate of the Massachusetts Institute of Technology with a doctorate in mechanical engineering.

Speaking with Forbes in an interview, Scaringe has always had a love for "things that move" and that certainly shows within Rivian so far.

In another interview with YouTube channel E for Electric last year, RJ explained; "I started the company nine years ago and it's been by no means a straight path,"

Since then Rivian has acquired a manufacturing facility previously used by Mitsubishi that has the capacity to produce around 350,000 units per year, it has also built a big team, a supply chain and has received millions in investments by some of the world's biggest companies.

Where are Rivian based?

Since 2009, the company has grown massively, with facilities in Plymouth, Michigan; San Jose, California; Irvine, California; Normal, Illinois; and the United Kingdom.

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Posted on 20th September 2019 at 1:41 PM

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