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Success Story: Rivian

by SRP on February 19, 2024
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Adventurous Thinkers

In Spring 2020, Rivian's Stanford Research Park campus opened its doors, and efforts to expand development of the EV company’s software stack and vehicle electronics were off and running. Rivian sought a satellite within SRP to concentrate many of its technology teams, including the core software platforms, vehicle controls, cloud connectivity, autonomy, and in-vehicle UI/UX teams. The campus is also home to digital teams that enable commerce, fleet management, service, and charging, as well as to product and design teams that encompass the consumer and vehicle journey.

Founded in 2009, Rivian develops and manufactures electric vehicles for the consumer and commercial markets, charging infrastructure, and energy technology. Its IPO was the largest worldwide in 2021 and the 12th largest in history. The R1T, the company’s first consumer product, was named MotorTrend’s Truck of the Year for 2022. Rivian is currently fulfilling Amazon's order for 100,000 electric delivery vans—one of the largest single orders for commercial EVs ever placed.

Building for a Future that Includes Everyone

Rivian’s story is about people coming together with one mission in mind: to protect our planet and the cultures that inhabit it for generations to come. Through hiring, onboarding, development, and rewards, the team is committed to building an inclusive workplace where ideas and innovation flourish and all individuals feel a true sense of belonging. Breaking up homogeneity by working with people who are different challenges entrenched ways of thinking and encourages greater scrutiny of actions and decisions.

Forever Starts Now

To extend the company’s impact, its founder and CEO RJ Scaringe led the establishment of Forever, Rivian’s philanthropic arm. Its mission is dedicated to addressing our planet’s climate crisis and preserving the critical biodiversity needed for our planet’s long-term survival. At its IPO, Rivian allocated 1% of its pre-IPO equity to Forever—and, in doing so, made nature a stakeholder in Rivian’s success.

The company’s leadership and employees see Rivian’s potential as not stopping at solutions that evolve how we drive; they also aspire to shift consumer mindsets and inspire other companies to fundamentally change the way they operate.

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