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Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009. Rivian produces an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies.
The name of the company changed to Rivian Automotive in 2011. [17] [18] On November 10, 2021, Rivian went public, listing its shares on the Nasdaq. [19] Scaringe is chairman of the board and has 9.5% voting power. Additionally, he has complete veto power over board decisions due to his 100% ownership of the company's class B shares. [20]
Rivian CEO RJ Scaringe has always been a go-getter, but he didn’t become successful all on his own. As a 26-year-old, Scaringe put it all on the line to launch an electric vehicle company, but ...
Henry M. Paynter (B.S. civil engineering 1944, M.S. mathematics and science 1949, ScD hydroelectric engineering 1951, all MIT) – inventor of bond graphs. Nicholas A. Peppas – professor of engineering, University of Texas at Austin, pioneer in drug delivery, biomaterials, hydrogels and nanobiotechnology.
The electric vehicle startup Rivian has let a few people go, though the automaker insists it remains in growth mode and has hired a number of new executives, including a new chief operating officer.
With bad profit margins, Rivian is currently burning a lot of cash. Over the last 12 months, the company has burned $5 billion in cash flow. With less than $10 billion in cash on the balance sheet ...
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