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Rivian Revving Up to Roll Out Electric Pick-Up and SUV

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Electric pick-up truck and SUV maker Rivian is joining the growing list of hopeful EV makers taking pre-orders for their all-electric vehicles that have yet to hit the market.

Rivian says it will begin taking pre-orders for its electric R1T pickup truck and R1S SUV, which initially have been priced at $75,000 and $77,500, respectively. Both models will come with a 300-mile driving range.

Pre-order holders will get early access on Nov. 16 to configure their vehicle color, battery range as well as wheels and tires, Rivian said. U.S. deliveries for the R1T will start in June 2021, while R1S deliveries will begin in August.

Backed by (AMZN) - Get Report and Ford (F) - Get Report, Rivian is the latest electric vehicle maker to step forward with plans to bring a new brand of EV to the mass-consumer market.

Electric car maker Fisker (FSR) - Get Report made its public debut last month in a so-called SPAC reverse merger that net it more than $1 billion in cash. Fisker has been collecting $250 deposits on its to-be-built Ocean SUV. It has roughly 9,000 paid deposits to date.

Nikola  (NKLA) - Get Nikola Corporation Report, meanwhile, on Tuesday disclosed in a regulatory filing that it and its former CEO received grand jury subpoenas from the U.S. Attorney's Office for the Southern District of New York and the New York County District Attorney's office in September.

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