Rivian Automotive reported Q1 2026 revenue of $1.38 billion, surpassing estimates thanks to a 20% rise in vehicle deliveries and a 49% jump in software and services revenue. The company began scalable production of its R2 model, with employee deliveries underway and customer deliveries expected soon. Rivian also expanded its Georgia plant capacity by 50% and secured a $4.5 billion Department of Energy loan. Partnerships with Uber and Volkswagen, including a $1.25 billion Uber investment and a $1 billion Volkswagen equity stake, validate Rivian's tech and AI strategy. The company reaffirmed its full-year delivery and financial guidance despite a Q1 adjusted EBITDA loss of $472 million, better than expected.
ChargeScape, an automaker-owned vehicle-grid integration platform, has partnered with Rivian to enroll Rivian's high-capacity EV batteries into utility-managed charging programs across North America. This collaboration allows Rivian drivers to save o...
Rivian CEO RJ Scaringe founded Mind Robotics last year, raising over $1 billion to develop humanoid robots designed to work alongside humans in manufacturing. The company plans to unveil its first product within a year, with Rivian as a major shareho...
