Rivian Automotive, Inc. (NASDAQ: RIVN) is a publicly traded electric vehicle manufacturer with no single majority owner. As of April 2026, its market cap stands at roughly $21 billion, and the company is launching its mid-size R2 SUV this spring.
- Market Cap: ~$21.4 billion as of April 2026
- IPO: November 10, 2021, at $78.00 per share on NASDAQ
- Top Shareholder: Amazon holds 158.36M shares (12.76%)
- Revenue (TTM): $5.39 billion, net loss $3.65 billion
- 2026 Deliveries: 62,000–67,000 target including the R2
Rivian Mission Statement and Vision
Rivian’s stated mission is “to keep the world adventurous forever.” The company builds trucks and SUVs with off-road capability while committing to sustainable transportation.
Rivian targets carbon-neutral manufacturing by 2030 and runs its own charging network. The R2 platform aims to cut the R1’s bill of materials by nearly 50%, making electric vehicles accessible to more buyers.
How Did Rivian Get Its Name?
The name traces back to founder RJ Scaringe’s childhood near the Indian River, a 156-mile lagoon on Florida’s east coast where he explored by rowboat.
The company started in 2009 as Mainstream Motors, became Avera Automotive, then settled on Rivian in 2011. The name is a portmanteau — “Riv” from River and “ian” from Indian. Scaringe grew up torn between restoring Porsches and protecting the natural world, which shaped Rivian as an electric vehicle maker for outdoor enthusiasts.
Who Owns Rivian?
Rivian trades on NASDAQ. Institutional investors hold 51%–57% of shares, insiders hold 34%–41%, and retail investors account for the rest.
Rivian uses a dual-class share system. Class A shares carry one vote, Class B shares carry ten. A 2025 divorce settlement reduced founder RJ Scaringe’s ownership to about 2% and voting power to roughly 4%.
Rivian Origin, Founders, and Early Years
RJ Scaringe founded the company in 2009, working alone from his father’s engineering facility in Rockledge, Florida. He holds a PhD from MIT.
Early investors pushed the company toward electric trucks rather than the hybrid coupe originally prototyped. Rivian relocated to Detroit in 2013 and bought a former Mitsubishi plant in Normal, Illinois in 2017. The R1T became the first electric pickup delivered in the U.S. in September 2021.
Largest Shareholders of Rivian
Who Is on the Board of Directors for Rivian?
Executive and Technology Directors
Robert J. Scaringe, PhD
CEO and Chairman. Founder since 2009. Class B shares with 10x voting power.
Aidan Gomez
Director since April 2025. Co-Founder/CEO of AI company Cohere.
Jay Flatley
Class III Director. Re-elected through 2027.
Operations, Finance, and Governance Directors
John Krafcik
Class III Director. Former Waymo CEO.
Peter Krawiec
Class I Director. SVP at Amazon.
Sanford Schwartz
Class I Director.
Karen Boone
Class II Director. Finance and governance.
Rose Marcario
Class II Director. Former Patagonia CEO.
Rivian Products and Services
R1T Electric Pickup
Full-size electric truck. 2026 pricing: $70,990–$100,990. Up to 1,025 hp in Quad Max.
R1S Electric SUV
Seven-seat electric SUV. Pricing: $76,990–$106,990. 2026 IIHS TOP SAFETY PICK+.
R2 Mid-Size SUV
Dual-motor AWD, 0–60 in 3.6s, 300+ miles range. From $57,990. Spring 2026 deliveries.
R3 / R3X Crossovers
Previewed, not yet on sale. Both on the R2 platform.
Commercial Delivery Vans
Built for Amazon under a 100,000-unit deal. Produced at the Normal, Illinois plant.
Software and Charging
Native NACS on all 2026 models. OTA updates, telematics insurance, and the Rivian Adventure Network.
FAQ
Is Rivian an American company?
Yes. Rivian is headquartered in Irvine, California, and manufactures at its Normal, Illinois plant.
What is the net worth of Rivian?
Rivian’s market cap is approximately $21.4 billion as of April 2026, with $5.39 billion in trailing revenue and $6.08 billion in cash.
Who owns Rivian?
Rivian trades on NASDAQ (RIVN). Amazon holds 12.76%, Volkswagen holds 12.3%. No single entity has majority control.
When did Rivian come out?
Founded 2009 as Mainstream Motors, rebranded 2011. First R1T delivered September 2021. IPO on November 10, 2021.
Is Rivian still operational?
Yes. Rivian targets 62,000–67,000 deliveries in 2026, is launching the R2, and has Volkswagen funding plus a $6 billion DOE loan.
Rivian market cap in 2026
Approximately $20.7–$21.4 billion as of mid-April 2026. Stock trades around $17 with a 52-week range of $10.85–$22.69.
