Rivian, the American based automaker focuses only on electric vehicles as a whole
The electric vehicles sector has been gaining prominence in recent years as more and more people have started demanding them in the market.
It’s not just in India but on a global scale that the demand for electric cars has increased.
There are many reasons for this factor like,
electric vehicles are environment friendly and their efficiency has increased greatly. It saves fuel which is a nonrenewable resource. It cuts down carbon emission which in turn will reduce global warming.
Due to the same reason companies have started to invest in them more these days and many of the big names like Tesla has made a mark in this sector. Tesla currently has some of the best electric cars that money can buy. Not only are they much more efficient than other vehicles of the same segment but also is cheaper for the level of quality they offer.
So, when we see Tesla at the top of the tier list for electric vehicles, it is hard for us to fathom that a startup company like Rivian could mount up to a manufacturing giant. Many top-notch investors like Amazon BlackRock, Fidelity and Ford Motors have invested in this company. Amazon has a contract for them to deliver electronic trucks for the firm.
So, we all may be curious to know more about Rivian now aren’t we?
Which is this startup company which may catch up to Tesla in the electric vehicles segment?
Founded in 2009, Rivian is a American based automaker that focuses only on electric vehicles as a whole. They have facilities in Michigan, UK, Canada and many other prominent areas. They look into SUV’s Trucks and other similar vehicle segments. They currently have a SUV named R1S and a truck called R1T. The latest statistics given out by the company reveals they got investments of 2.65 billion dollars recently provided by investors like Amazon, and their total investments amount to 8 billion dollars in the last couple of years. They expect to deliver their vehicles to customers at a rapid pace this year. It is a herculean task to produce a car from scratch for even the well-established auto manufacturers let alone a fresh startup like Rivian. They focus on making adventure vehicles that people can confidently take off-road without a second thought. Though we compare the new automaker to Tesla they take slow and steady steps in growth, unlike Tesla who saw a huge growth last year alone. Their vehicles start at around 70,000 USD and aim to get customers whose needs wouldn’t be what a Tesla vehicle offers.
Image credit: cnet.com
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