Mitchell, an Enlyte company, today announced that it is the first collision industry information provider to sign a data licensing agreement with electric vehicle (EV) manufacturer Rivian. This will allow auto insurers and collision repairers using Mitchell Cloud Estimating and Mitchell Cloud Estimating TruckMax to write damage appraisals and access repair procedures for the OEM’s […]
Mercedes-Benz Vans and Rivian Partner on Electric Van Production
Mercedes-Benz Vans and electric vehicle manufacturer Rivian today announced the signing of a Memorandum of Understanding to initiate a strategic partnership to cooperate on the production of electric vans. Subject to the parties entering into final binding agreements and to obtaining the relevant regulatory clearances, the companies intend to establish a new joint venture manufacturing […]
Electric Vehicle Manufacturer Rivian Announces Pricing of Upsized Initial Public Offering
Company will raise $11.9 billion to fund expansion. Rivian Automotive, Inc. announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share, valuing the company at over $77 billion In addition, Rivian has granted the underwriters a 30-day option to […]
Ford and Rivian Announces $500 Million Investment, Partnership to Deliver All-New Battery Electric Vehicle
Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. “This strategic partnership marks another key milestone in our drive to accelerate the […]