Also, a micromobility startup spun out of Rivian, has raised an additional $150 million in a Series D funding round led by Prysm Capital. The company plans to use the new capital to accelerate development of its autonomous driving technology and expand into multiple autonomous vehicle types beyond its current electric bikes and cargo quads. Also has raised $455 million since its founding less than two years ago and continues to leverage Rivian's technology and resources. The startup recently began shipping its first electric bike model and aims to deliver other models by fall, while also advancing partnerships like the multi-year deal with DoorDash for autonomous delivery vehicles.
Doug Field, former Tesla and Ford executive, has been appointed president of Mind Robotics, a startup spun out of Rivian focused on industrial AI and robotics. The company aims to automate manufacturing tasks using purpose-built robots powered by fou...
Rivian Automotive reported a 45.8% year-over-year increase in electric vehicle deliveries in Q3, driven by strong demand for its lower-cost R2 SUV. This delivery growth is expected to improve the company's gross profit and help address its structural...
Chinese electric vehicle stocks Nio and XPeng rose 5% and 4% respectively, driven by strong demand in China and strategic moves like Nio's partnership with Geely to expand its battery-swap network. Meanwhile, U.S. EV maker Rivian fell 2%, highlightin...
Tesla's stock rose 3% following its rebranding of its driver-assistance software in Europe, dropping the controversial 'Full Self-Driving' label that European regulators opposed. The new name, Tesla Assisted Driving, reflects a more restricted versio...
