Rivian vehicles have received certifications from three agencies, the latest hurdle that allows the electric automaker to sell and deliver its R1T pickup truck and R1S SUV to all 50 US states.
Rivian confirmed to TechCrunch in an email 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 regulatory approval to deliver vehicles to customers.
Rivian has a direct sales model, in which 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 learn about financing options. However, there are no restrictions for customers ordering online from these states.
Today, 22 states allow all automakers to sell vehicles to their customers, according to the NRDC. In those states, Rivian can open stores, display vehicles, offer test rides, and most importantly, discuss financing. Eleven other states only allow Tesla, which also has a direct sales model, to sell vehicles, often in a limited number of locations statewide.
Rivian plans to begin deliveries of the R1T Launch Edition this month. Deliveries of the R1S SUV are expected to follow this year.
Confirmation of state and two federal agency certifications followed a trio of announcements in recent weeks that including the first production Rivian R1T electric pickup in “Rivian Blue” coming off the assembly line. Tuesday morning at the company’s plant in Normal, Illinois. The company’s two vehicles also received official EPA distances of 314 miles for the first iteration of its all-electric R1T pickup and 316 miles for the R1T SUV.
All of this follows Rivian’s confidential filing of documents with the United States Securities and Exchange Commission to make them public. The company, backed by a host of institutional and strategic investors including Ford and Amazon, does not have the size and price range for the proposed offering.
Sources familiar with Rivian’s IPO plans said the company has yet to begin the “roadshow,” a process in which an underwriting company and company management make a series of presentations to. potential investors before going public.