{"id":2443658,"date":"2019-05-02T00:00:00","date_gmt":"2019-05-02T06:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=305031"},"modified":"2019-05-02T00:00:00","modified_gmt":"2019-05-02T06:00:00","slug":"rivian-reaps-1-2-billion","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/rivian-reaps-1-2-billion\/","title":{"rendered":"Rivian Reaps $1.2 billion"},"content":{"rendered":"
<\/figure>\n

As the world anxiously awaits the \u201cfuturistic\u201d Tesla pickup that founder Elon Musk has promised, a less-known rival has rapidly risen to vie for the title of the first all-electric truck.<\/p>\n

Last month, Ford announced it will invest $500 million in Michigan-based Rivian. That puts the electric automaker\u2019s total investments this year at $1.2 billion.<\/p>\n

In February, Amazon ponied up $700 million to help Rivian reach its goal of releasing an all-electric pickup truck and SUV by the end of 2020. That\u2019s the same timeframe many expect for the Tesla truck release.<\/p>\n

In a press release, Ford announced it would use Rivian\u2019s customizable \u201cskateboard\u201d chassis to make its own battery-electric vehicle. Combined with Amazon\u2019s investment, Rivian appears to have ample momentum to hit its production targets.<\/p>\n

Last year, Rivian revealed its five-passenger truck prototype, the R1T. With a 400-mile range, 1,800-pound payload and 11,000-pound tow rating, the R1T began to siphon attention from Tesla\u2019s still-unnamed counterpart.<\/p>\n

But this year, details emerged that Rivian patented a modular chassis that could provide the foundation for a wide range of electric truck configurations.<\/p>\n

Further heating up the electric truck battle, Arizona-based Atlis Motor Vehicles also entered the fray this year. Though only in its third year, Atlis made bold claims about its XT pickup.<\/p>\n

Coincidentally, that truck is also slated to hit the streets in 2020. It advertised a 500-mile range and charge times as low as 15 minutes.<\/p>\n

While details emerge on these trucks of the future, tests and drive impressions remain elusive. But with Ford backing Rivian, the all-electric truck market takes another big step toward reality.<\/p>\n

Stephen Regenold writes about outdoors gear at http:\/\/www.gearjunkie.com<\/a>.<\/p>\n

via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the world anxiously awaits the \u201cfuturistic\u201d Tesla pickup that founder Elon Musk has promised, a less-known rival has rapidly risen to vie for the title of the first all-electric truck. Last month, Ford announced it will invest $500 million in Michigan-based Rivian. That puts the electric automaker\u2019s total investments this year at $1.2 billion. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-2443658","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-17 14:37:11","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley's Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2443658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2443658"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2443658\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2443658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2443658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2443658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}