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Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! There is a bit of a theme emerging in transportation — and really every industry: AI is creating jobs for some…
Investors can’t seem to get enough of RJ Scaringe or his ideas. In less than a decade, the serial entrepreneur best known for his EV company Rivian has raised more than $12.3 billion from venture capital firms, as well as from strategic and institutional investors for his three — and counting — startups. If the…
Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! If you haven’t noticed, Uber is suddenly everywhere, at least when it comes to autonomous vehicles. The company sold off Uber ATG,…
Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the underlying goals are met, according to a new filing. Scaringe’s salary is also being doubled to $2 million per year, and he was given a 10% stake in Rivian’s newest…