In preparation for a summer launch, electric vehicle manufacturer Rivian has selected Chase as their private label partner to provide customers with a truly digital-first vehicle financing journey.
Set to launch in early 2021, ahead of scheduled June deliveries of Rivian’s R1T pickup, Rivian Financial Services will deliver a best-in-class financing journey for retail customers through a highly transparent, interactive and simple purchase process.
Rivian also made news today regarding its own financing journey, adding $2.65 billion in new funding from T. Rowe Price, Fidelity and Amazon’s Climate Pledge Fund. The investment round values the company at more than $27 billion, and brings the total investment in the company to $8 billion since the beginning of 2019.
“At Rivian, we’re focused on delivering truly exceptional customer experiences with every interaction,” said Chief Growth Officer Jiten Behl. “Chase is aligned with our goal of fully reimagining the vehicle purchasing process for the digital era and making the investments to deliver a best-in-class financing solution for Rivian customers.”
Rivian customers will be able to navigate a fully digital process at their own pace. Beginning with the credit application on rivian.com, customers will self-select a retail financing structure that best fits their needs. They will be offered a competitive, personalized decision within minutes that includes the ability to finance a variety of accessories to complement their electric adventure vehicle.
Customers will have the opportunity to review the financing details and electronically sign required documents. After vehicle delivery, customers can take advantage of digital servicing to view their account, make payments and obtain personalized customer support.
In addition to a 3.5-million-square-foot manufacturing plant in Normal, Illinois, Rivian has software development centres in Arizona, California, Michigan in the United States as well as Vancouver.
Vancouver is home to Rivian’s vehicle management software teams and they’re currently hiring for 27 open roles including Infotainment App Developer, Senior Software Engineer – In-Vehicle Navigation, Senior Software Engineer -Vehicle Management APIs, and Product Manager – Collision & Repair.