Latest News Updates From Ed Ludlow and Kiel Porter

BusinessTechnologyEquipmentFuel

Rivian-Backed Also Hits Unicorn Status With $200M Raise

A Rivian-backed startup developing small electric vehicles was valued at $1 billion in a new investment from Greenoaks Capital, according to people familiar with the matter.

July 8, 2025
BusinessTechnologyFuelLogistics

Rivian Faces Delays, Cuts Production After Supplier Misstep

Rivian miscalculated when communicating supply and demand needs with Essex, its sole supplier of what are essentially copper wires that carry the electric current inside EV motors.

October 7, 2024