Electric vehicle startup has raised a further $2.65 billion, another funding round as the automaker aims to take on Tesla and others with new pickup and SUV models, in addition to building a zero-emissions delivery fleet for Amazon. The new round – made up of new and existing investors – takes Rivian’s total raise since the start of 2019 to a whopping $8 billion, despite not having delivered a single consumer vehicle so far.
Originally, the plan had been to begin production of the Rivian R1T all-electric pickup truck in late 2020, and the R1S all-electric SUV shortly after. That, for several reasons – not least the ongoing pandemic – failed to happen, with Rivian now expecting production to begin this year.
Since the R1S and R1T were announced, however, Rivian picked up some big-name backing. Amazon announced that it would purchase 100,000 electric delivery vans from the startup, co-developing several versions of the EV truck designed for urban and suburban deliveries. The first Rivian-made Amazon van was revealed in October last year.
While production may have been slow to materialize, cash certainly hasn’t. Today’s new $2.65 billion financing was led by funds and accounts advised by T. Rowe Price Associates, Inc, including Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue, and D1 Capital Partners. It saw new investors join, in addition to existing investors up their stakes in Rivian.
“This is a critical year for us as we are launching the R1T, the R1S and the Amazon commercial delivery vehicles,” RJ Scaringe, founder and CEO of Rivian, said of the extra funding. “The support and confidence of our investors enables us to remain focused on these launches while simultaneously scaling our business for our next stage of growth.”
Among Rivian’s charms is its homegrown electric platform, which it refers to as a “skateboard” for EVs. Essentially packaging the key drivetrain hardware – including batteries and electric motors – into a single slice, it offers the flexibility to build different body styles on top. The R1S and R1T, for instance, may be an SUV and a pickup truck respectively, but they still use the same underlying drive hardware beneath those differences. Rivian says it can also scale the skateboard platform to suit anything from urban runarounds through to commercial transportation.
Still, it’s not alone in that approach. Canoo, another electric vehicle startup, uses a similar modular architecture, recently showing off its own vision of EV delivery vehicles that adopt a platform previously intended for passenger vehicles.
Rivian still says it plans to begin production this year. Sales of the R1S and R1T opened up to reservation holders in November 2020, with the Launch Edition version of both vehicles selling out in around a week.
Mini John Cooper Works convertible and coupe pack style and performance
Mini has unveiled its convertible and coupe John Cooper Works sports cars. The hardtop is rated for a combined fuel economy of 7.1-6.8 l/100 km, with the convertible rated for 7.4-7.1 l/100 km. The vehicles also have low CO2 emissions making them sporty, fun to drive, and green. Mini said that the cars have fresh design features and new equipment for the current year model.
Both versions of the John Cooper Works have round LED headlights and a larger hexagonal radiator grille. The larger radiator grille works with larger side openings to channel more cooling air to the drivetrain and brakes. Mini also paints the bumper strip in body color and has modified the side scuttles on the front side panels and the rear diffuser on both models.
Power comes from a 2.0-liter four-cylinder engine with TwinPower turbo technology. The engine produces 231 horsepower and 320Nm of torque. The car can reach 100 km/h in 6.3 seconds in hardtop form when fitted with the standard six-speed manual transmission. When fitted with the optional eight-speed Steptronic Sport transmission, the vehicle can reach the same speed in 6.1 seconds.
The convertible is a little slower to 100 km/h needing 6.6 seconds with the manual and 6.5 seconds with the automatic. Buyers of the convertible get an electrically powered textile soft top and can choose an optional Mini Yours soft top with woven in Union Jack graphics. The top can be opened at speeds up to 30 km/h.
Both models feature Brembo brakes and 17-inch wheels; 18-inch wheels are an option. The latest version of the optional Adaptive Suspension is available to provide a balance between sportiness and ride comfort. The car also gets standard heated steering well, lane departure warning, and stop & go function for the active cruise control. An 8.8-inch touch display is used for the infotainment system. Pricing for both models is unannounced at this time.
Opel Manta GSe ElektroMOD teases innovative Pixel-Vizor front grille
Last March, Opel gave us a teaser of its latest Manta GSe ElektroMOD concept, an all-electric version of the brand’s popular sports coupe from the 1970s. The German carmaker is back to reveal more about its latest electric restomod, notably its unique Pixel-Vizor front grille that allows the car (and driver) to send animated messages to other road users.
“The Manta GSe ElektroMOD is the work of passionate designers, 3D modelers, engineers, technicians, mechanics, product and brand experts,” said Pierre-Olivier Garcia, Opel Global Brand Design Manager. “With the Manta GSe, we are building a bridge from the great Opel tradition to a very desirable sustainable future. This mixture of zeitgeist and modern is absolutely fascinating.”
Other EVs like the Mustang Mach-E and Kia EV6 have blanked-out grille designs, while others have illuminated units. Opel’s Pixel-Vizor front grille takes it further. It’s a digital screen spanning across the entire front of the vehicle. It can display a bevy of messages to communicate with pedestrians, onlookers, and other cars on the road.
In Opel’s video, you can see the car displaying “My German heart has been ELEKTRified,” “I am an ElektroMOD,” and “I am on a zero e-mission.” You can also see an animated manta ray gliding over the screen between the headlights. Yes, we’re talking about a concept vehicle, but we can’t see any reason why this feature won’t make it to production.
Opel utilized a Manta A model from its classic warehouse in creating the GSe ElektroMOD. If you’re old enough to remember, the original Manta was an iconic sports coupe with twin round headlights, a Hemi Cuda-esque hood, and a sporty two-door coupe silhouette.
Opel’s first electric car, the Elektro GT, debuted at the Frankfurt Motor Show in 1971 and is based on the Opel GT sports car from 1968. It came with a pair of Bosch electric motors and an all-electric range of only 27 miles. Despite this, it rockets from zero to 60 mph in under six seconds, pretty quick even by modern standards.
As you can see, Opel’s been dabbling with electrification since the early 70s, and it seems the incoming Manta GSe ElektroMOD is bridging the gap between the old and the new. We have no idea if this electric Manta is entering production, but there’s a glimmer of hope.
According to Opel, the Manta GSe ElektroMOD is getting its final touches at the company HQ in Rüsselsheim, Germany. It will also reveal the concept in all its glory this May 19, 2021. Until then, we’ll be back to share the deets.
Ferrari 812 Superfast Versione Speciale has the most potent Ferrari V12 engine
As the name suggests, a standard Ferrari 812 Superfast is, well, a stupendously quick supercar. However, Ferrari recently unveiled a ‘faster’ and more potent version of the 812 Superfast. It will debut on May 5 as having the most powerful and highest-revving V12 engine in Ferrari’s history.
Ferrari refers to it as Versione Speciale or Special Version, although the name might change upon the vehicle’s debut in the next couple of weeks. Despite this, Ferrari was able to whet our appetites by releasing a couple of tidbits about its latest high-speed creation.
The Versione Speciale will have the same 6.5-liter V12 engine as a standard 812 Superfast. However, it now pumps out an astonishing 830 horsepower, 30+ more horses than stock. It has the same power output as Mansory’s Stallone GTS convertible (a highly-tuned version of the 812 Superfast), and we reckon it’s going to just as quick.
Officially, the 812 Versione Speciale’s V12 is the most powerful gasoline engine in a roadgoing Ferrari. Granted, the Ferrari SF90 Stradale and Spider have 986 horsepower from a 4.0-liter twin-turbo V8, but the SF90 is a hybrid.
The new V12 also revs with authority, spinning close to 9,500 rpm. Considering a stock 812 Superfast produces maximum power at 8,500 rpm, we’re pretty sure the Special Version will sound more epic at full chat. Ferrari failed to mention the torque numbers, but we expect the new V12 to have more twists than a stock motor’s 530 pound-feet output.
We have no word yet on the performance numbers. But with more power than stock, the Ferrari 812 Superfast Versione Speciale will go like stink. A standard 812 Superfast goes from zero to 60 mph in 2.9-seconds, zero to 124 mph in 7.9-seconds, and has a top speed of 211 mph. Meanwhile, the Mansory Stallone GTS accelerates to 60 mph in 2.8-seconds and has a top speed of 214 mph, all while having the same power output as Ferrari’s latest 812 VS.
Other juicy features include Ferrari’s Slide Slip Control vehicle dynamics system and four-wheel steering for better handling. The exterior mods consist of more oversized air intakes, a new lip spoiler, new bumper fins, and an aluminum lover panel covering the rear glass. We also heard it’ll weigh less than a stock Superfast, tipping the scales at under 3,362 pounds (1,525 kg).
We’ll know more about Ferrari’s most extreme version of the 812 Superfast in the coming weeks.
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