Gear Review: Rivian reaps $1.2 billion
The Gear Junkie
As the world anxiously awaits the “futuristic” Tesla pickup that founder Elon Musk has promised, a less-known rival has rapidly risen to vie for the title of the first all-electric truck.
Last month, Ford announced it will invest $500 million in Michigan-based Rivian. That puts the electric automaker’s total investments this year at $1.2 billion.
In February, Amazon ponied up $700 million to help Rivian reach its goal of releasing an all-electric pickup truck and SUV by the end of 2020. That’s the same timeframe many expect for the Tesla truck release.
In a press release, Ford announced it would use Rivian’s customizable “skateboard” chassis to make its own battery-electric vehicle. Combined with Amazon’s investment, Rivian appears to have ample momentum to hit its production targets.
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Stephen Regenold is the founder and writes about outdoors gear for Gear Junkie.
“Without any exception the worst snow storm known since the advent of the railroad west of Leadville has been raging over the crest of the continental divide since last Thursday,” asserted the Aspen Tribune on January 31, 1899.