Rivian Automotive, Inc.

Rivian designs and manufactures electric pickup trucks (R1T) and SUVs (R1S) for consumers, plus electric delivery vans for Amazon [Company Overview]. They also develop software for vehicle systems, offer charging infrastructure through the Rivian Adventure Network, and provide fleet management tools called FleetOS [Company Overview]. Recently, Rivian is pitching its software technology to traditional carmakers as a potential new revenue stream [Financial Times].

Rivian is an American electric vehicle startup that makes the R1T pickup truck and R1S SUV, plus commercial vans for Amazon. The company is burning through cash heavily while trying to scale production, with a market cap of $22 billion despite losing money on every vehicle sold.

Rivian is in financial distress—losing money on operations, burning cash rapidly, and shrinking revenue year-over-year.