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Rivian
Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies. An electric delivery van is also being built as part of a partnership with Amazon. Rivian started deliveries of its R1T pickup truck in late 2021. The company plans to build an exclusive charging network in the United States and Canada by the end of 2023. Rivian is based in Irvine, California, with its manufacturing plant in Normal, Illinois, and other facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Vancouver, British Columbia; Wittmann, Arizona; and Woking, England. Additionally, Rivian has plans to build another US$5 billion factory in Georgia. The company raised over US$13.5 billion in financing following its IPO in November 2021. Back History ...
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Robert "RJ" Scaringe
Robert "RJ" Scaringe (born January 19, 1983) is an American entrepreneur and engineer, the founder and CEO of electric vehicle manufacturer Rivian. Scaringe's net worth is estimated at US$1.7 billion as of December 2021. Early life and education Robert Joseph Scaringe was born on January 19, 1983. His father, also named Robert Scaringe, is an engineer and founder of Mainstream Engineering Corporation. Scaringe grew up a car enthusiast, restoring them in his neighbor's garage. After learning of the great negative environmental effects of cars, however, he decided to focus his life on creating a more sustainable and environmentally friendly transportation system. Scaringe grew up in Melbourne, Florida. He attended Melbourne Central Catholic High School. Scaringe received his bachelor's degree in mechanical engineering from Rensselaer Polytechnic Institute. He then received a master's degree in mechanical engineering at the Massachusetts Institute of Technology (MIT) and went on t ...
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Normal, Illinois
Normal is a town in McLean County, Illinois, United States. As of the 2020 census, the town's population was 52,736. Normal is the smaller of two principal municipalities of the Bloomington–Normal metropolitan area, and Illinois' seventh most populous community outside the Chicago metropolitan area. As of 2022, Chris Koos has been Normal's mayor since 2003. The main campus of Illinois' oldest public university, Illinois State University, a fully accredited four-year institution, is in Normal, as is Heartland Community College, a fully accredited two-year institution. There was also a satellite campus of Lincoln College, which offered associate degrees as well as four-year programs. History The town was laid out with the name North Bloomington on June 7, 1854 by Joseph Parkinson. From its founding, it was generally recognized that Jesse W. Fell was the force behind the creation of the town. He had arranged for the new railroad, which would soon become the Chicago and Alto ...
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Skateboard (automotive Platform)
A skateboard is a type of configuration for automotive chassis, used for automotive platforms of battery electric vehicles. The skateboard chassis includes a base structure or a platform, which houses the batteries, electric motors and other electronic components fundamental to an electric vehicle. It also has removable and replaceable corner units at the wheels, into which the suspension, steering, powertrain and braking functions are embedded. A skateboard chassis cuts down the cost and complexity of manufacturing and production of electric vehicles, as it is a self-contained platform, with all the necessary driving and electronic components integrated into it, and which can be mounted with a variety of bodies after scaling them into various sizes. Electric vehicles are still low-volume production commodities, and this makes them expensive to fabricate or assemble. The skateboard allows an automaker to design and manufacture vehicles in several vehicle categories and bod ...
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Abdul Latif Jameel
Abdul Latif Jameel is a family-owned diversified business founded in Saudi Arabia in 1945 by the late Sheikh Abdul Latif Jameel (1909–1993). Operating across 7 core business sectors, Abdul Latif Jameel has a presence in over 30 countries across 6 continents. History 1940s-60s Abdul Latif Jameel was founded in Jeddah, Saudi Arabia, in 1945 by Sheikh Abdul Latif Jameel. It became a Toyota distributor in the Kingdom in 1955, a position it has retained till today. 1970s-80s In 1979, Abdul Latif Jameel United Finance Company (ALJUF), a financial services company aimed at further supporting Toyota vehicle sales in Saudi Arabia, was established. In the same year, the company also set up a consumer product business which imports electronics and consumer durables. In 1981, it established an outdoor advertising company to support the marketing of Toyota products. It also began exporting and distributing Lexus passenger vehicles in 1989, opening the first dedicated Lexus centre in Saud ...
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Nasdaq-100
The Nasdaq-100 (^NDX) is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is limited to companies from a single exchange, and it does not have any financial companies. The financial companies are in a separate index, the NASDAQ Financial-100. History The NASDAQ-100 was launched on January 31, 1985 by the Nasdaq. It created two indices: the NASDAQ-100, which consists of Industrial, Technology, Retail, Telecommunication, Biotechnology, Health Care, Transportation, Media and Service companies, and the NASDAQ Financial-100, which consists of banking companies, insurance firms, brokerage firms, and Mortgage loan companies. The base price of the index was initially set at 250, but when it closed ...
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Irvine, California
Irvine () is a master-planned city in South Orange County, California, United States, in the Los Angeles metropolitan area. The Irvine Company started developing the area in the 1960s and the city was formally incorporated on December 28, 1971. The city had a population of 307,670 at the 2020 census. A number of corporations, particularly in the technology and semiconductor sectors, have their national or international headquarters in Irvine. Irvine is also home to several higher education institutions including the University of California, Irvine (UCI), Concordia University, Irvine Valley College, the Orange County Center of the University of Southern California (USC), and campuses of California State University Fullerton (CSUF), University of La Verne, and Pepperdine University. History The Gabrieleño indigenous group inhabited Irvine about 2,000 years ago. Gaspar de Portolà, a Spanish explorer, came to the area in 1769, which led to the establishment of forts, missi ...
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Indian River (Florida)
The Indian River is a long brackish lagoon in Florida. It is part of the Indian River Lagoon system, which in turn forms part of the Atlantic Intracoastal Waterway. It was originally named ''Rio de Ais'' after the Ais Indian tribe, who lived along the east coast of Florida, but was later given its current name. The Indian River extends southward from the Ponce de Leon inlet in New Smyrna Beach in Volusia County southward and across the Haulover Canal and along the western shore of Merritt Island. The Banana River flows into the Indian River on the island's south side. The Indian River continues southward to St. Lucie Inlet. At certain seasons of the year, bridges have tended to impede the flow of gracilaria (a red algae), resulting in an odor of hydrogen sulfide in the area. Tributaries and estuaries Tributaries of the Indian River include the Merritt Island Barge Canal (man-made), the C-54 Canal (man-made), Crane Creek, the Eau Gallie River, Horse Creek, Mullet Creek, ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Georgia (U
Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the country in the Caucasus ** Kingdom of Georgia, a medieval kingdom ** Georgia within the Russian Empire ** Democratic Republic of Georgia, established following the Russian Revolution ** Georgian Soviet Socialist Republic, a constituent of the Soviet Union * Related to the US state ** Province of Georgia, one of the thirteen American colonies established by Great Britain in what became the United States ** Georgia in the American Civil War, the State of Georgia within the Confederate States of America. Other places * 359 Georgia, an asteroid * New Georgia, Solomon Islands * South Georgia and the South Sandwich Islands Canada * Georgia Street, in Vancouver, British Columbia, Canada * Strait of Georgia, British Columbia, Canada United Ki ...
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The Verge
''The Verge'' is an American technology news website operated by Vox Media, publishing news, feature stories, guidebooks, product reviews, consumer electronics news, and podcasts. The website launched on November 1, 2011, and uses Vox Media's proprietary multimedia publishing platform Chorus. In 2014, Nilay Patel was named editor-in-chief and Dieter Bohn executive editor; Helen Havlak was named editorial director in 2017. ''The Verge'' won five Webby Awards for the year 2012 including awards for Best Writing (Editorial), Best Podcast for ''The Vergecast'', Best Visual Design, Best Consumer Electronics Site, and Best Mobile News App. History Origins Between March and April 2011, up to nine of ''Engadget''s writers, editors, and product developers, including editor-in-chief Joshua Topolsky, left AOL, the company behind that website, to start a new gadget site. The other departing editors included managing editor Nilay Patel and staffers Paul Miller, Ross Miller, Joa ...
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Wittmann, Arizona
Wittmann is an unincorporated community and census-designated place (CDP) in Maricopa County, Arizona, United States. As of the 2020 census, it had a population of 684, down from 763 in 2010. It is located along U.S. Route 60 in the central part of Arizona, northwest of central Phoenix, and is part of the Phoenix metropolitan area, although just outside the urban portion. A variant name was "Nadaburg"; the present name is for Joseph Wittmann and his wife Eleanor van Beuren Wittmann, a couple who attempted several times to get approvals to build a dam project in nearby Box Canyon that would have benefitted the town. This was to be a successor to the poorly engineered Walnut Grove dam that had collapsed in February 1890, less than two years after it had filled. Eleanor van Beuren's father was the nominal head of a group of East Coast investors that had funded what was then primarily a placer mining project. One of the Walnut Grove Water Storage Company's engineers (not responsibl ...
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Vancouver, British Columbia
Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver area had a population of 2.6million in 2021, making it the third-largest metropolitan area in Canada. Greater Vancouver, along with the Fraser Valley, comprises the Lower Mainland with a regional population of over 3 million. Vancouver has the highest population density in Canada, with over 5,700 people per square kilometre, and fourth highest in North America (after New York City, San Francisco, and Mexico City). Vancouver is one of the most ethnically and linguistically diverse cities in Canada: 49.3 percent of its residents are not native English speakers, 47.8 percent are native speakers of neither English nor French, and 54.5 percent of residents belong to visible minority groups. It has been consistently ranked ...
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