Rivian Automotive, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Robert Joseph Scaringe
- Full Time Employees
- 15,232
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- 14600 Myford Road Irvine CA United States 92606
- IPO Date
- Nov 10, 2021
- CIK
- 0001874178
- Website
- rivian.com
- Similar Companies
- Business
- Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles (EVs), accessories, software, and related services to consumer and commercial markets worldwide. Founded in 2009 and headquartered in Irvine, California, the company produces the R1T two-row five-passenger pickup truck and R1S three-row seven-passenger SUV on its R1 platform; the Electric Delivery Van (EDV) on the Rivian Commercial Vehicle platform in collaboration with Amazon.com, Inc.; and operates the Rivian Adventure Network of Direct Current fast chargers with access to Combined Charging System ports. Rivian offers FleetOS, a proprietary end-to-end centralized fleet management subscription platform; vehicle repair and maintenance services; financing and insurance; remarketing; vehicle electrical architecture and software development services; and in-house developed hardware and software platforms including software-defined vehicle updates. The company assembles vehicles at its Normal, Illinois manufacturing facility, with a 1.2 million-square-foot supplier park under construction nearby and an expansion to support up to 215,000 annual units; a second plant in Stanton Springs, Georgia breaks ground in 2026 for 400,000 annual units starting production in 2028, primarily for R2 and R3 models; engineering, R&D, and offices span the United States (Atlanta, Los Angeles, Palo Alto, Plymouth, Wittmann), Canada (Vancouver), Europe (Amsterdam, Belgrade), and the UK (London). Rivian maintains strategic partnerships, including a joint venture with Volkswagen Group for software and electrical systems backed by up to $5.8 billion in investments, with $1 billion received in June 2025 following Q1 gross profit; advances its Gen 2 platform targeting 45% material cost reductions by 2026, positive adjusted EBITDA by 2027, and R2 midsize SUV launch in first-half 2026; reports Q3 2025 revenue growth of 78% year-over-year and $24 million consolidated gross profit; and schedules an Autonomy & AI Day for December 11, 2025.
Company News
Why Rivian's R2 Could Be Worth Far More Than Its Sales Numbers Suggest
Tesla Falls 4% as Profit Shrinks and Musk Trims Sales Target; Rivian and Lucid Slip
Rivian Reaffirmed 65,000 to 70,000 Deliveries for 2026. Here's the Q4 Number Needed to Hit That Target.
Rivian's Next 2 EVs Have a Secret Weapon That Could Transform Its Profits
Tesla Rises 4% Ahead of Q3 Report as Musk Backs SpaceX Merger Idea; Rivian and Lucid Inch Higher
Rivian Automotive (RIVN) Loses 19.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Rivian: Much More Than Just The R2 Story
Rivian's CEO says autonomy will enable ‘dramatically different' vehicle designs
Lucid vs. Rivian: Which EV stock is the better buy for 2027?
Lucid vs. Rivian Automotive: Which EV Stock Wins for Long-Term Investors?
Rivian's Key to Success May Not Be Its Vehicles
Tesla Rises 4% on Thruster-Powered Roadster Reveal; Rivian Edges Higher, Lucid Holds Steady
AI agents are coming to Rivian's cars
These 2 Auto, Tires and Trucks Stocks Could Beat Earnings: Why They Should Be on Your Radar
GHOSTBUSTER MODE: Rivian CEO reveals wild features of new R2 SUV
Rivian and Redwood Materials Expand Partnership to Span the Lifecycle of the Battery
Rivian Automotive (RIVN) Dips More Than Broader Market: What You Should Know
Rivian spinoff Mind Robotics hires former Ford EV chief Doug Field
Rivian: R2 Is A Winner (Rating Upgrade)
Nio Jumps 5% as Chinese EV Names Rally, XPeng Climbs 4%; Rivian Slips