If you’re a gearhead like the rest of us here at Red Rocks Tint, then you’ve probably heard of Rivian Automotive. As of last month, they’re the biggest company in the US with no sales. You heard us correctly. Rivian is the largest American company with no revenue.
But who exactly is Rivian and why are they such a big deal? Here’s everything you need to know.
Who is Rivian Automotive?
Founded in 2009, Rivian Automotive is an electric vehicle (EV) automaker and technology company based in Irvine, California. They’re best known for building an electric SUV and pickup truck on a “skateboard” platform that can support future vehicles or be used by other companies. Rivian’s EVs can be driven on both the pavement and the dirt. The company is also currently in the process of building a fleet of 100,000 all-electric vans for Amazon and plans to create a network of charging stations across the US and Canada.
What Are Rivian’s Vehicles?
Rivian currently offers two vehicles, including the R1T pickup and the R1S SUV.
The R1T is an all-wheel drive truck that is powered by four electric motors, with two situated on each axle. The truck’s two front motors deliver 415 ponies and 413 lb.-ft. of torque while the rear motors boast about 420 horsepower and 495 lb.-ft. of torque. It’s equipped with three different battery sizes that give 230 to 400 miles worth of range.
Rivian’s SUV, the R1S, shares the same electric chassis as the R1T.
Last month, the company’s shares soared by 67% from their initial public offering price of $78. However, as of November 2021, Rivian Automotive has not earned any discernible revenue.
The automaker’s popularity can be largely attributed to the electric revolution. Worldwide, thanks to new legislations, more and more drivers are making the shift from gas-powered vehicles to EVs. Here in America, President Biden is offering huge EV tax credit as part of his Build Back Better plan and hopes to have 500,000 EV charging stations set up nationwide by 2030.
Should You Buy an EV?
At least two-thirds of Americans are open to buying an electric vehicle, and with good reason. They’re fun to drive, fast, and need little maintenance. Plus, driving one can help save the world. Some EVs, such as the Nissan Leaf or Hyundai Ioniq, are also reasonably priced, with starting rates of around $30,000.
And while many of us still love gas engines, EVs are definitely here to stay.
Protect Your Investment
Whatever type of vehicle you drive, whether it’s gas or electric, it’s a smart decision to protect it. At Red Rocks Tint, we offer numerous services to keep your ride looking fresh. From clear bras, ceramic coating to window tinting and dent removals, our experts can preserve your car’s integrity for years to come.
To learn more, call us today at (303) 261-7384. We look forward to hearing from you!
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