Rivian Automotive, Inc., founded in 2009, is an American electric vehicle manufacturer and automotive technology company. Headquartered in Irvine, California, Rivian designs, develops, manufactures, and sells electric vehicles and accessories. Rivian's initial focus was on creating luxurious and battery-powered vehicles. CEO RJ Scaringe, an MIT graduate, founded the company, initially named Mainstream Motors, with a vision to offer a more responsible way to explore the world through sustainable transportation.
Rivian produces the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle. Rivian also manufactures electric delivery vans (EDV), primarily for Amazon. The company is currently developing autonomous driving software to be used in its vehicles. In addition to vehicle manufacturing, Rivian develops electric drivetrains and autonomous driving systems. Rivian's stock is publicly traded on the Nasdaq under the ticker "RIVN". As of February 5, 2026, Rivian's stock price is $13.73, with a market capitalization of $16.8 billion.
Recent news includes Rivian hiring Greg Revelle as Chief Customer Officer in January 2026. Rivian's future may hinge on the success of the R2, a smaller, more affordable SUV scheduled to launch soon with final validation testing underway. The R2 is expected to start at a target price of $45,000. In the fourth quarter of 2025, Rivian held 4.2% of the US BEV market. For full year 2024, Rivian produced 49,476 units and delivered 51,579 units.
