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Tuesday, Nov 29, 2022
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Rivian Opens First Fast-Charging ‘Adventure Network’ Site

Irvine-based Rivian Automotive Inc. (Nasdaq: RIVN) opened the first fast charging site of its Rivian Adventure Network the company is setting up nationwide.

The first opened in Salida, Colorado on Monday while two more are slated to open in California this week near areas like Yosemite National Park and the Sequoia National Forest.

The electric vehicle manufacturer’s charging sites provide four chargers and over 200 kilowatts of power, also hosting Rivian Waypoints chargers that support any EV. The sites of the Adventure Network are steps towards reducing environmental impact while offering “sustainable adventure far from home,” according to officials.

“In addition to scenic or off-the-beaten-path destinations, our fast charging rollout is designed to ensure travelers have places to charge along major transportation corridors coast to coast,” Senior Director of Energy and Charging Solutions Trent Warnke said in a statement.

Rivian plans to open 600 of its Adventure Network sites with a goal of 3,500 fast chargers in North America. The EV maker currently has a market cap of $24 billion.

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