Electric vehicle start-up Rivian has unveiled its first pick-up truck and SUV and said that when their prices are unveiled they will be lower than previously announced.
The mid-range R1T pickup truck with a glass sky panel that can change from blue to clear was previously priced at $69,000. It can travel 300 miles on a full battery charge. A similar range R1S SUV had been priced at $72,000. Rivian said the large battery could go 400 miles and the smallest could go 230 miles.
The exact prices that the Rivian vehicles will sell at has not been announced. The company said it will reveal the prices later this year when the vehicles go on sale. Rivian, founded in 2009, made waves when it unveiled its first prototype model at the L.A. Auto Show in 2018.
It has raised $3.6 billion and counts Amazon.com Inc. (NASDAQ:AMZN) and Ford Motor Co. (NYSE:F) as investors.
Rivian also announced that it is working on rolling out a network of charging stations at key locations such as national parks, but that the vehicles can charge on most charging networks available today.
The first R1T trucks will be delivered starting at the end of this year, followed shortly after by the R1S SUVs, the company announced.
