Rivian Automotive, Inc.
Rivian was founded as Mainstream Motors in 2009 by RJ Scaringe, an MIT-trained mechanical engineer, and renamed Rivian in 2011. The company spent its first decade quietly developing a skateboard EV platform before the 2018 LA Auto Show debut of the R1T pickup and R1S SUV. The 2019 Amazon order for 100,000 electric delivery vans and major investments from Ford and Cox Automotive accelerated the rollout.
Rivian's Q1 2026 delivered $1.4B in revenue — up 11.4% versus the same quarter a year ago. Net margin held at -30.1%. Shares currently trade at EV/EBITDA of -6.7. Analyst consensus leans hold (2.58/5).
Rivian was founded as Mainstream Motors in 2009 by RJ Scaringe, an MIT-trained mechanical engineer, and renamed Rivian in 2011. The company spent its first decade quietly developing a skateboard EV platform before the 2018 LA Auto Show debut of the R1T pickup and R1S SUV. The 2019 Amazon order for 100,000 electric delivery vans and major investments from Ford and Cox Automotive accelerated the rollout.