Rivian (RIVN) launches 75M
EVRoutes Team
EV Content Writer
Rivian has commenced an underwritten public offering of 75 million shares of common stock, a raise worth roughly $1
What's Happening
5 billion based on the stock’s recent price. The capital raise lands just days after Rivian’s stock rallied on stronger-than-expected Q2 delivery results and a raised full-year outlook.
Why This Matters for EV Owners
The Bigger Picture
This development reflects broader shifts in the European EV market as charging infrastructure expands and new models enter the market..
EV Comparison: How Do These Models Stack Up?
Among these models, the Tesla Model 3 Long Range leads in efficiency at 14.4 kWh/100km, while the Mercedes EQS 450+ offers the longest range at 770 km WLTP.
| Model | Battery | WLTP Range | Efficiency |
|---|---|---|---|
| Tesla Model 3 Long Range | 75 kWh | 602 km | 14.4 kWh/100km |
| Tesla Model Y Long Range | 75 kWh | 533 km | 16.9 kWh/100km |
| BMW iX xDrive40 | 71 kWh | 425 km | 19.5 kWh/100km |
| Mercedes EQS 450+ | 108 kWh | 770 km | 15.7 kWh/100km |
| Volkswagen ID.4 Pro | 77 kWh | 520 km | 16.3 kWh/100km |
Data sourced from EVRoutes' vehicle database covering 60+ EV models. Ranges are WLTP-rated and real-world results may vary by 10-20% based on driving conditions.
What This Means for Your Wallet
Based on current European charging rates, DC fast charging costs between €0.30-0.65 per kWh depending on the network and country. This translates to roughly 40-60% savings compared to equivalent petrol costs. A typical fast-charging session takes 20-45 min (10-80% DC fast) — enough time for a coffee break on a long trip.
What to Watch Next
As the EV landscape continues to evolve, developments like this shape the transition to electric mobility across Europe..
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