Rivian Automotive Startup Takes on Tesla
The electric vehicle startup company, Rivian Automotive Inc. has raised new funds in order to scale and advance their company in the electric vehicle industry. With these new funds, Rivian Automotive hopes to launch their new electric vehicles, including the R1T (electric pickup truck), the R1S (electric SUV), and the Amazon delivery vehicles. Its vehicles feature cloud-based connectivity and all terrain capabilities.
Rivian Automotive, being an ambitious new company seeks to compete with giants in the electric vehicle industry, such as Tesla, Inc. with its plans for a new sport utility vehicle and truck. These plans, however, are met with a lot of competition since they trail behind Tesla’s release of their own cyber truck, which is scheduled to roll out at the end of this year. But the company is reaching for the top shelf as they plan to release vehicles for foreign markets and versions of vehicles with a higher mileage range on one charge and more towing capacity.
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