Rivian Automotive, Inc.

Rivian is an American automotive technology company that develops and manufactures electric vehicles and vertically integrated technologies and services. The company creates vehicles designed for work and leisure, aiming to accelerate the global transition to zero-emission transportation and energy. Rivian vehicles are manufactured in the United States and sold directly to consumer and commercial customers. The company's competitive advantage is based on product and brand differentiation through vertically integrated technologies and a direct-to-customer sales and service model. Product performance benefits from control over the vehicle's software, digital experience, and driving dynamics. Rivian's in-house autonomy system uses an AI-centric end-to-end approach, leveraging miles driven by Rivian vehicles for training to continuously improve the system. The company's zonal network architecture and software stack form the basis for Rivian and Volkswagen Group Technologies, LLC (the "Joint Venture"), which is developing software-enabled features and capabilities for global markets across various vehicle platforms. Rivian's unified intelligence, interconnected by its AI platform, underpins its products and software and services suite, including Autonomy+. The company analyzes its business through two reportable segments: Automotive and Software and Services. In its Automotive Segment, Rivian launched its consumer vehicle business with the R1 platform, which includes two vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle ("SUV").