? Rivian IPO S1 Filing - reveals preorder numbers, R1S delivery date, Autonomous Subscription Fee & more...

[RWerksman]

https://www.sec.gov/Archives/edgar/data/1874178/000119312521289903/d157488ds1.htm

Take Aways:

• 14
  • Directed Share Program - Preorder holders will likely be able to participate in the IPO in some fashion.
• 21
  • Preorders - 48,390 R1T / R1S as of September 30, 2021 in the United States and Canada.
• 100
  • R1S Deliveries Build starting in December.
• 101
  • As of September 30, 2021, we operated six service centers in four states (California, Illinois, Washington, and New York), 11 mobile service vehicles, a 24/7 service support center in Michigan, and have secured 24 RAN DCFC sites in seven states, 145 Rivian Waypoints charging sites in 30 states, and 20 service center locations for further expansion.
• 111
  • Delivery fee is likely $1,7XX
  • Autonomous Driving Fee is likely $10,000
  • Per vehicle 'subscription' (likely the Membership) is expected to be $5,500 over 10 years.
• 115
  • Higher performance and fewer motor vehicles are being planned for.
• 116
  • Driver+
    • 11 cameras, 12 ultrasonic sensors, five radars, and a high-precision GPS antenna
    • We expect our platform’s architecture will enable us to evolve and expand our Driver+ offerings to support SAE Level 3 autonomy
• 117
  • Rivian has plans for Fleet Management. Later in the doc is more detail about it.
• 119
  • Factory - 150,000 vehicles annually. Up to 200,000 vehicles annually in 2023.
• 120
  • Service
    • 120 service centers and to deploy in excess of 1,000 mobile service vans in 2023
    • Our entire service infrastructure is shared by our consumer and commercial customers which generates operational synergies in both physical assets as well as labor. (Is this using Amazon locations as service centers?)
• 121
  • DCFC - RAN DCFCs are designed to output over 200 kW of DC power for initial R1 vehicles (up to 140 miles of range in 20 minutes), with over 300 kW planned for future vehicles. Oof.
• 124
  • R1S Camp Kitchen - A rear cargo mounted Camp Kitchen will also be available for the R1S
  • Amazon Vans - There are 3 different lengths. Range of between 120-150 miles.
• 126-128
  • Additional screenshots of app future functionality such as financing and service.
• 139
  • States they can sell in - Long list. Post here.
• 147
  • Board Members
    • Karen Boon - President of Restoration Hardware
    • Sanford Schwartz - Cox
    • Rose Marcario - Patagonia
    • Peter Krawiec - Amazon
    • Jay Flatley - Illumina (genetic analysis company)
    • Pamela Thomas-Graham - Dandelion Chandelier (luxo digital media)
• 156
  • RJ Salary - $1,300,000 all in salary and bonus. He also controls a tremendous amount of company shares.
• 174
  • Ford - They have purchased bodies in white from them in the past, but no longer do. They currently purchase tooling and experise.
  • Cox - Cox will be the reseller of any used Rivians, and likely trade ins. They will get preferential pricing on service on them and whatnot in exchange for marketing.
• F-25
  • Rivian terminated a contract with a major supplier in 2019 and demanded repayment of $18M. They believed that it would settle for less, but in December 2020 made a call that they would never get that money back.

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[RWerksman]

Page 100 - R1S Deliveries starting in December 2021.

 

[RWerksman]

Expected fees on 111:

• Delivery - $1.7k
• Autonomous - $10k / $5.5k Subscription

 

[Scoiatael]

As of September 30, 2021, we had accepted preorders for approximately 48,390 R1Ts and R1Ss in the United States and Canada.

Now we know the number of preorders at least. Page 21

 

[RWerksman]

Driver+ on 116 - R1 vehicles have 11 cameras, 12 ultrasonic sensors, five radars, and a high-precision GPS antenna We expect our platform’s architecture will enable us to evolve and expand our Driver+ offerings to support SAE Level 3 autonomy

 

[RWerksman]

Plans for Fleet Management on 117.

 

[Dark-Fx]

Directed Share Program

At our request, the underwriters have reserved up to % of the shares offered by us in this offering, for sale at the initial public offering price through a directed share program to:



•
eligible customers who had a standing preorder for an R1T or R1S as of September 30, 2021; and



•
persons who are directors, officers or employees, or who are otherwise associated with us and identified by our officers and directors.

Customers who had, by September 30, 2021, preordered an R1T or R1S and had not otherwise cancelled the preorder as of such date, are potentially eligible for the program. If demand for the program exceeds capacity, we will allocate shares on a pro-rata basis among all eligible participants in the directed share program. Eligible participants who meet more than one criteria, or have placed a preorder for more than one Rivian vehicle, will not be entitled to a greater participation in the program as a result.

 

[RWerksman]

Service on 120:

• 120 service centers and to deploy in excess of 1,000 mobile service vans in 2023
• Our entire service infrastructure is shared by our consumer and commercial customers which generates operational synergies in both physical assets as well as labor. (Is this using Amazon locations as service centers?)

 

[SeaGeo]

Page 101

As of September 30, 2021, we operated six service centers in four states (California, Illinois, Washington, and New York), 11 mobile service vehicles, a 24/7 service support center in Michigan, and have secured 24 RAN DCFC sites in seven states, 145 Rivian Waypoints charging sites in 30 states, and 20 service center locations for further expansion.

 

[DucRider]

Pre-order holders get a little love!!!

 

[RWerksman]

Charging on 121:

RAN DCFCs are designed to output over 200 kW of DC power for initial R1 vehicles (up to 140 miles of range in 20 minutes), with over 300 kW planned for future vehicles.

Oof.

 

[RWerksman]

Amazon Van info on 124:

There are 3 different lengths. Range of between 120-150 miles.

 

[AdamsFan1983]

Official preorder numbers 48,000+ for r1 platforms

 

[Temerarius]

Expected fees on 111:

• Delivery - $1.7k
• Autonomous - $10k / $5.5k Subscription

In line with Tesla.. and not shocking.

I honestly expect any vehicle manufacturer with two brain cells, to offer the cash sink that is developing an actually "good" autonomous driving solution as a subscription service. It's post purchase cash flow... why wouldn't you?

Charging on 121:

RAN DCFCs are designed to output over 200 kW of DC power for initial R1 vehicles (up to 140 miles of range in 20 minutes), with over 300 kW planned for future vehicles.

Oof.

Oh that sucks... not a software parm they can edge up, hardware limitation...

 

[SeaGeo]

Charging on 121:

RAN DCFCs are designed to output over 200 kW of DC power for initial R1 vehicles (up to 140 miles of range in 20 minutes), with over 300 kW planned for future vehicles.

Oof.

Called it. I knew the website wording seemed sketchy in regards to the R1. No 800v switch apparently.

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