Person
Rivian founder who co-founded Also and serves as chairman of both companies.
Rivian spinoff Mind Robotics named former Ford EV chief Doug Field president, a year after its founding and with more than $1 billion raised. Field takes over the daily business from Rivian CEO RJ Scaringe, though the company has yet to show a robot in public.
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Rivian delivered 19,248 vehicles in the third quarter, up 45%, while overall EV sales fell nearly 24% after the federal tax credit ended. Nearly all of the gain is the R2's first full quarter, so the evidence that buyers will pay for a Rivian without a subsidy covers one launch period.
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The Prysm-led Series D is earmarked for an autonomous platform for vehicles smaller than a car. The $3,500 bike is the first housing for the motors, batteries and compute.
Reality
Idaho National Laboratory's review is funded by unnamed electric and autonomous vehicle companies, per TechCrunch's sources. Seven firms reported to be considering Hesai and RoboSense parts were unaware of it.
Reality
The Rivian spinout's Series D takes it to $455 million and past a $1 billion valuation. The only product shipping is a $4,500 e-bike that arrived months late.
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