Rivian Vehicles has received certification from three agencies, the final hurdle that allows the electric automaker to sell and distribute its R1T pickup trucks and R1S SUVs in all 50 US states.
Rivian confirmed to Nerdshala in an email that the vehicles are fully certified by the National Highway Traffic Safety Administration, the Environmental Protection Agency and the California Air Resources Board. Bloomberg also reported That Rivian has got regulatory approval to deliver the vehicle to the customers.
Rivian has a direct sales model wherein customers can order their vehicles online. Dealer protection laws in many states prevent companies like Rivian from having their stores where customers can take a test drive and learn about financing options. However, there are no restrictions on customers ordering online from those states.
Today 22 states allow all automakers to sell vehicles to customers, As per NRDC. In those states, Rivian can set up stores, display vehicles, offer test rides and, importantly, discuss financing. The other 11 states only allow Tesla, which also has a direct sales model, to sell vehicles, often in limited locations throughout the state.
Rivian plans to start deliveries of the R1T Launch Edition this month. The deliveries of the R1S SUV are expected this year.
Verification of certifications from state and two federal agencies followed a trio of announcements over the past several weeks, including the first production Rivian R1T electric pickup truck “Rivian Blue” which went into normal assembly Tuesday morning at the company’s factory. closing the line. , Illinois. The company’s two vehicles also received official EPA ranges of 314 miles for the first edition version of its all-electric R1T pickup truck and 316 miles for the R1T SUV.
It all follows Rivian filing paperwork confidentially with the U.S. Securities and Exchange Commission to go public. The company, backed by several institutional and strategic investors, including Ford and Amazon, does not have a size and price range for the proposed offering.
Sources familiar with Rivian’s IPO plans said the company has yet to begin a “roadshow,” a process in which an underwriting firm and company management make a series of presentations to potential investors before going public.