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STATUS Current
FUND Technology

Rivian Electric Vehicles

RIVIAN is an innovative American electric vehicle manufacturer and automotive technology company and has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications, including the company’s adventure products as well as B2B products such as the Amazon last mile delivery vans.

RIVIAN is on a mission to keep the world adventurous forever; believing there is a more responsible way to explore the planet and so are determined to make the transition to sustainable transportation an exciting one.

They have designed their emissions-free Electric Adventure Vehicles to challenge what’s possible. RIVIAN’s launch products, the R1T and R1S, provide an unmatched combination of performance, off-road capability and utility.  These vehicles will be produced at the Company’s manufacturing plant in Normal, Illinois, with customer deliveries expected to begin in fall 2021.

Private Equity
FOUNDING TEAM
  • R J Scaringe, Founder & CEO
FOUNDED
website

Founded in 2009 by entrepreneur RJ Scaringe, the company develops and produces electric vehicles, products and services solutions related to sustainable transportation and is dispelling many of the myths about electric vehicles with their adventurous and collaborative approach to the sector.

Sharing its vision for more sustainable mobility solutions, the Jameel Family became enthusiastic early-stage investors in RIVIAN. Other significant investors include, Sumitomo Corporation, Amazon, Ford Motor Company, Cox Automotive and TS Rowe.

Based in Irvine, California, which is home to vehicle engineering and design, electronics, software, propulsion, battery systems, supply chain and logistics, IT, as well teams operating their customer facing platforms, RIVIAN has said it is designing its vehicles to facilitate “car-sharing” with their autonomous features.

RIVIAN’s manufacturing plant is located in Normal, Illinois. Here, they are building the R1T and R1S products as well as commercial vans. Other facilities include Plymouth, Michigan; Palo Alto, California; Wittman Arizona; Vancouver, British Columbia and Woking in the United Kingdom.

 

 

 

Investments in RIVIAN are held in a separate dedicated investment vehicle for US-based investments.

News from our Portfolio Businesses

The brands and business in the JIMCO investment portfolio are making the news around the world as their transformational approach to global challenges is enabling all of us to take steps towards a more beautiful tomorrow.

You can catch-up with some of their latest headlines here:

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September 22, 2022
RIVIAN

The Rivian fleet of electric Mobile Service vehicles is...

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September 12, 2022
RIVIAN

Exciting news today as we announced plans to work with

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July 22, 2022
RIVIAN

It’s a milestone week in our partnership with Amazon, a...

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July 4, 2022
RIVIAN

The Rivian Adventure Network of DC fast charger sites, ...

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June 20, 2022
RIVIAN

We are thrilled that the Rivian R1T was named “The

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June 14, 2022
RIVIAN

We built Rivian to help shift the world toward sustaina...

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June 14, 2022
RIVIAN

Many thanks to our team in Normal, Illinois working har...

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June 14, 2022
RIVIAN

From the Body and Paint shops to General Assembly and

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Important note: these news items are links to external third-party content and will open in a new tab. These links are provided for your information only. JIMCO has, unless explicitly indicated otherwise, no control over the content of those sites or resources and has no rights in the content of those sites or in the resources. JIMCO assumes no responsibility for the content of websites linked on the JIMCO Website. Such links should not be interpreted as endorsement by JIMCO nor Abdul Latif Jameel of those linked websites therein.

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