- all pictures: Ale Renesis

Rivian raised $700M in funding

4w ago


At the 2018 LA Auto Show, last November, I saw this pick-up truck and noticed that it was getting a lot of attention so I began investigating and doing my homework

It is called the Rivian R1T (there’s also an SUV version called the R1S) and it is an all-electric pick-up truck made in the US and available in three different versions.

The base model has a 105kWh battery pack. It has and a 0-60 time of 4,9 seconds and a range of about 230 miles. Then there are two more versions, both are more powerful but with two different intents.

The one with a 180kWh battery pack favours range over performance, in a way, because it does 0-60 in 3,2 seconds but also has a range of about 400 miles. Then there's another version with a 135kWh battery pack that "only" has a range of 300 miles but the 0-60 is 3 seconds.

In a pick-up truck.

The top speed is the same for all three models and it is 120 mph / 201 kph.

If you want one, a refundable $1,000 deposit is required and prices start at $69,000 for the R1T and $72,500 for the R1S before a $7,500 federal tax credit. Deliveries will start in the second half of 2020.

This is not a traditional car maker so you could safely call Rivian (based in Plymouth, Michigan) an automotive start-up without anyone saying you're wrong. This is one of the reasons the company relies on crowdfunding and good on them because they've recently secured a 700 million dollars funding by a pool of investors led by Amazon.

Even economics writers would call that "a lot of cash".