Rivian Acquires "A Better Routeplanner" to Enable a Seamless Route Planning Experience

Rhea-AI Summary

Rivian Automotive has acquired Swedish mapping company Iternio, developer of the 'A Better Routeplanner' (ABRP) app. ABRP is a leading EV trip planning app that allows drivers to plan and compare routes and charging stop options. Rivian will integrate ABRP's technology into its in-vehicle navigation system and mobile app, allowing users to plan trips and customize preferences for charging networks and range on arrival. The acquisition will enhance Rivian's trip planning capabilities and support the expansion of its Rivian Adventure Network.

Positive

• Rivian's acquisition of Iternio and integration of ABRP's technology will enhance its trip planning capabilities and improve the in-vehicle navigation system and mobile app.
• The ability to plan trips and customize preferences for charging networks and range on arrival will provide Rivian drivers with a more convenient and confident EV ownership experience.
• The acquisition will support the expansion of Rivian's Rivian Adventure Network, ensuring reliable charging infrastructure for its drivers.

Negative

• None.

IRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) has today announced the acquisition of Swedish mapping company Iternio, developer of the ‘A Better Routeplanner’ (ABRP) app. ABRP is an industry leader in EV trip planning and has a strong community of EV drivers in both North America and Europe. ABRP gives EV drivers the ability to plan and compare routes and charging stop options.

Rivian and Iternio will continue to maintain and improve ABRP as a stand-alone app for drivers of any EV, as well as integrating ABRP’s technology into Rivian’s in-vehicle navigation system and newly available trip planning experience in the Rivian mobile app.

Rivian trip planning, now powered by ABRP, will let drivers plan their next adventure with confidence. Trip planning improvements will not only enhance Rivian’s in-vehicle navigation, but Rivian will also be introducing the ability to create trips in the Rivian mobile app. Rivian owners can plan their route from the comfort of their own home and send their trip directly to the vehicle’s navigation system.

Rivian’s upcoming release also brings users trip preferences possible through ABRP, including preferences for charging networks and range on arrival. Drivers can rest assured knowing that not only will they reach their destination, but they will also have enough charge to explore when they get there.

RJ Scaringe, Founder and CEO of Rivian, said:

“A Better Routeplanner leads the way in EV trip planning and is an important platform for driving EV adoption, which is why it’s so important for us to keep the platform open for all. We will also be integrating ABRP’s capabilities into our upcoming trip planning release, giving Rivian drivers the ability to chart out detailed trips that include key aspects of EV ownership, such as when to charge, for how long, and adjusting how many miles of range they’d like when arriving at their destination. Beyond route planning, the data insights on where there is insufficient reliable charging will help us strategically plan where we prioritize building our Rivian Adventure Network.”

Wassym Bensaid, Senior Vice President of Software Development at Rivian, said:

“The team at Internio have a real passion for sustainability and the EV community. The quality of the ABRP routing algorithm is second to none, so we’re delighted to welcome them to Rivian. Having a fully integrated navigation experience is an important step in helping to boost driver confidence and convenience for longer routes, and we hope this integration will inspire people to explore new destinations in their EVs. We’re already looking at ways to engage with ABRP’s community and we’re very excited by the roadmap for upcoming features we have planned - not only for Rivian, but also for ABRP.”

Bo Lincoln, CEO and Co-Founder of Iternio, said:

“We started Iternio as a way to enable current and future electric vehicle owners to plan their trips without having to worry about charging, and we couldn’t be happier that our software is going to enable Rivian owners to plan their trips like never before. We’re thrilled that ABRP will also continue to be what it is today: An essential tool for all existing and future EV drivers and for all brands and charger networks. We’re very happy to have joined the Rivian team and we’re looking forward to playing our role in this adventure.”

About Rivian:

Rivian (NASDAQ: RIVN) exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at www.rivian.com.

Contact:

View source version on businesswire.com: https://www.businesswire.com/news/home/20230621721913/en/

Harry Porter - media@rivian.com

Source: Rivian Automotive, Inc.

FAQ

What is ABRP and what does it do?

ABRP is a leading EV trip planning app that allows drivers to plan and compare routes and charging stop options.

How will Rivian integrate ABRP's technology?

Rivian will integrate ABRP's technology into its in-vehicle navigation system and mobile app.

What benefits will Rivian drivers have from this integration?

Rivian drivers will be able to plan trips, customize preferences for charging networks and range on arrival, and have a more convenient and confident EV ownership experience.

How will the acquisition support Rivian's expansion?

The acquisition will support the expansion of Rivian's Rivian Adventure Network, ensuring reliable charging infrastructure for its drivers.