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Rivian Automotive Priced, Nasdaq: RIVN

Manufactures premium electric SUVs, vans, and pickup trucks.

Industry: Consumer Discretionary

First Day Return: +29.1%

We design, develop, and manufacture category-defining electric vehicles (“EVs”) and accessories. We sell them directly to customers in the consumer and commercial markets. Our vehicles are complemented by a full suite of proprietary, value-added services that address the entire vehicle lifecycle and deepen our customer relationships. Starting with a clean sheet, we built a vertically integrated ecosystem comprised of our vehicle technology platform, cloud architecture, product development and operations, products, and services. Interconnected by our data and analytics backbone, our ecosystem is designed to deliver fast-paced innovation cycles, structural cost advantages, and exceptional customer experiences. In the consumer market, we launched the R1 platform with our first generation consumer vehicle, the R1T, a two-row five-passenger pickup truck, and began making customer deliveries in September 2021. We plan to launch and commence customer deliveries for the R1S, a three-row seven-passenger sports utility vehicle (SUV) in December 2021. In the commercial market, we will launch the Rivian Commercial Vehicle (RCV) platform with our first vehicle, the Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon.com.

Rivian Automotive (RIVN) Performance

Created with Highcharts 10.3.2Chart context menuRIVN vs. IPO Index (IPOUSA)Jan 2022Apr 2022Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 20250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index