#rivian

Rivian is planning on adding a feature to its online configurator that estimates the time of delivery of the customer’s vehicle.

It’s mild news, to be sure, but it’s the week of Thanksgiving.

Fresh off its megabucks IPO in which the company’s fortunes skyrocketed like your author’s blood pressure after a meal of fried foods, rumors are floating that Rivian is planning another factory. Suggested as being located in Georgia, it would play partner to the existing facility in Illinois.

While no one around this neck of the woods would call themselves experts in finer points of the stock market, we do know how to add. Talking heads at the Wall Street Journal are reporting Rivian has set an initial share price of $78 for its IPO, a heady sum to be sure. What drives this story to another dimension is they’ve allegedly sold 153 million shares at this price.

For those keeping track, that means they raised nearly $12 billion – making RIVN the biggest listing so far in 2021.

Start-up EV automaker Rivian has been accused by a former employee of having a “boys club” atmosphere while she worked there.

Laura Schwab, who was in charge of sales and marketing, claims the company has a “toxic bro culture” that led to mistakes being made, and when she pointed it out, she was fired.

A VIN decoder appears to have revealed the names of Rivian’s planned vans.

Barely a month has passed since Rivian’s CEO first posted pictures of the company’s fully certified, in-production R1T electric pickup rolling down the Normal, Illinois assembly line. The R1T is here, it’s real, and it’s got the blessing of the NHTSA, EPA, and CARB to prove it – but the fact that the R1T made it to production more-or-less as promised isn’t what I’m here to talk about today.

Instead, I want to talk about how a brash, spunky startup managed to beat not just Ford, and not just GM, but every single established automaker to market to deliver the first modern electric pickup truck … and the answer might not be what you expect.

It’s become something of a mantra for me, lately, but that doesn’t make it any less true. It goes like this: Electric cars aren’t coming, they’re already here. And, depending on who you ask, they’ve been here – they just haven’t quite made it into the mainstream, yet. With the dawn of the Rivian R1T ( which became the first full-size electric pickup to reach series production earlier this month), though, a lot of people would have you believe that’s set to change. I happen to be one of them.

Despite EV startups taking a lot of flak for habitually overpromising, sometimes on a level that approaches criminal fraud, things appear to be going rather well at the Rivian factory. Founder and CEO Robert Joseph “RJ” Scaringe announced that the company started building its very first production units on Tuesday.

With the necessary regulatory certifications in hand, Rivian can now begin delivering vehicles directly to customers and the timing couldn’t be much better. The electric brand had said it was basically done with prototypes and ready to spin up the assembly lines for the final product late last month. While this still placed it a bit behind schedule, the company now says it has all the necessary certifications from the relevant regulatory agencies (NHTSA, EPA, CARB, etc.) and an automobile that’s been federally approved for sale.

The lawsuits continue against EV startup Rivian. Though it hasn’t built any vehicles to date, the company has an aggressive plan to manufacture its “Tesla killer” vehicles at the former Diamond Star Motors plant at Normal, Illinois, and sell its wares directly to customers via nine showrooms across the nation. Various parties take issue with both the building and selling facets at Rivian, and the company has lawsuits with dealers in Illinois as well as Tesla.

Rivian’s plan to sell vehicles directly to consumers has raised the ire of two auto-dealer groups in Illinois.

Rivian is planning to install 3,500 fast-chargers and 10,000 Level 2 chargers in the U.S. and Canada.

Electric-truck startup Rivian has signed the lease for its first showroom in New York City and has selected one of the trendiest spots in Brooklyn. Once known for its high crime rate, Williamsburg has undergone three decades of gentrification and is now awash with luxury retailers normally reserved for the swankiest parts of Manhattan. In the 1990s, the neighborhood was still rough around the edges but had started to become ground zero for the East Coast hipsters, starving artists, and young musicians who gradually influenced its trajectory. The next three decades saw Williamsburg moving steadily upward with rental prices keeping pace. Riverside warehouses were replaced with high-rise hotels, the average household income closed on six figures, and dog parks are situated conveniently near designer ice cream shops.

It’s now the perfect place for a showroom dedicated entirely to electric vehicles, especially one that seems like a merger between Tesla Motors and REI.

Rivian Automotive is seeking to go public in the fall and targeting a valuation of at least $50 billion, according to the latest reports. The all-electric startup company, supported by Amazon and the Ford Motor Company, has already amassed around $8 million from investors and was valued at $27.6 billion less than a month ago.

While we couldn’t possibly say what it’s actually worth, burgeoning EV manufacturers have performed incredibly well on the stock market lately. Rivian would almost assuredly see its valuation balloon to the targeted sum through an initial public offering. It already has a product line, 3,600 employees spread between the Midwest and California, some serious marketing under its belt, and a relatively strong relationship with a few of the world’s largest companies. We’ve seen more done with far less on Wall Street.

If you think the political class is interested in what kind of policies citizens would like to see implemented, you’ve clearly never heard of lobbying groups. While we’re stuck at home writing thoughtful letters to congressional interns in the faintest hope that they’ll be dictated to a senator, corporately supported lobbyists are taking legislators out to dinner so they can discuss how best to govern on a single issue. They’re important in determining the trajectory of the nation but many get criticized for placing the needs of the business over that of the individual voter.

Buckle up, because we’re getting another one. On Tuesday, the Zero Emission Transportation Association (ZETA) held its own coming-out party and announced its mission to advocate for “national policies that will enable 100 [percent] electric vehicle sales throughout the light-, medium-, and heavy-duty sectors by 2030.”

Electric-vehicle manufacturers often tout their products’ ability to double as a mobile generator for laborers needing a place to plug in their tools. But a few have also suggested a reliable power source would be similarly beneficial for recreational actives. In 2019, Rivian began showcasing the camp kitchen its designers had made fit into the gear tunnel located between the R1T’s truck bed and passenger cabin. Easily deployed, the kitchen comes with an electric stovetop, electric kettle, small sink (fed by a five-gallon water tank), and enough storage space to house the items necessary to cook and serve a meal.

It was looking like an incredibly slick option for woodsy weekend warriors — until we learned the price, that is.