Rivian vehicles are now ready for sale in all 50 states, following key certifications
Rivian vehicles have received certifications from three agencies, the final hurdle in allowing the electric car maker to sell and ship its R1T pickup truck and R1S SUV in all 50 states.
Rivian confirmed in an email to TechCrunch 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 received government approval to deliver vehicles to customers.
Rivian has a direct sales model where customers can order their vehicles online. Dealer protection laws in many states prohibit companies like Rivian from having their own stores where customers can take test drives and find out about financing options. However, there are no restrictions on customers ordering online from these states.
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Today, according to the NRDC, 22 states allow all vehicle manufacturers to sell vehicles to customers. In these states, Rivian can set up shops, display vehicles, offer test drives and, most importantly, discuss financing. Another eleven states only allow Tesla, which also has a direct sales model, to sell vehicles, often in a limited number of locations across the state.
Rivian plans to start shipping the R1T launch edition this month. Deliveries of the SUV R1S should follow this year.
Confirmation of the certifications by the state and two federal agencies has been followed by three announcements in the past few weeks that, among other things, the first serial Rivian R1T electric pickup will roll off the production line in Rivian blue on Tuesday morning at the company's plant in Normal, Illinois. The company's two vehicles also received official EPA ranges of 314 miles for the first edition of its all-electric R1T pickup truck and 316 miles for the R1T SUV.
All of this follows after Rivian was confidential with the U.S. Securities and Exchange Commission has filed papers to go public. The company, which is backed by a wide variety of institutional and strategic investors such as Ford and Amazon, has no size or price range for the proposed offering.
Sources familiar with Rivian's IPO plans said the company has not yet begun the "roadshow," a process in which an insurance company and senior management make a series of presentations to potential investors prior to going public.
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