17th Nov 2021

The investment market’s insatiable thirst for stock in companies manufacturing electric vehicles has continued this week following the Initial Public Offering (IPO) of Rivian, the Irvine, California-based producer of the R1T and R1S.

After the placing of its common stock at a public offering price of $78.00 per share on Wednesday November 10, the company saw demand push the price up to over $177.00 within a week, valuing Rivian at $153bn by the end of trading on November 17.

Rivian was founded by Robert “RJ” Scraringe in 2009 and began focusing on EVs in 2011. The company bought a manufacturing plant in Illinois from Mitsubishi Motors in 2016 and focused on the development of two initial production vehicles; a light pick up truck designated the R1T and the R1S, an SUV.

Amazon has placed an order for 100,000 Rivian electric delivery vans, using the same platform as the R1S. US automaker Ford has also invested $500m in Rivian with plans to use the company’s R1S platform for a new electric vehicle.

Rivian’s stellar stock market debut means that the company, which delivered its first vehicle in September 2021, now has a market capitalisation bigger than the Volkswagen Group. However it still has some way to go in comparison with the global leader in electric vehicles, Tesla, which is now worth over $1 trillion.

Rivian has announced its intention to develop a network of public charging stations, similar to Tesla.




per day


* This rate is inclusive of insurance, VAT and 24 hour breakdown assistance for the duration of your hire. For all bookings we require a minimum of 2 days hire.

Comprehensive Insurance

All our fleet rentals come with comprehensive cover. You are in safe hands.

Unlimited Mileage

For certain vehicles on our fleet, clock as many miles as you wish. Long road trip planned? No problem.

Home Delivery Service

Fully trained delivery experts can come to you wherever you are.

Performance Only

We don’t offer standard vehicles here. Performance or not at all.

These guys are in a league of their own! I just had a first rental experience with EV Hire and it was as smooth as one can imagine. Daryl and his team would deliver and collect the car from you for fee, they are quick to respond, punctual to arrive and have a great fleet of electric cars and high end 4x4s available. Last but no least, approval process for non-UK driving licenses is very smooth and…

Oleg Pavlov

Absolutely wonderful service and the vehicles are outrageous. Daryl is a wonderful host and looks after you very well. 100% recommendation. Will definitely come back. P.S - the black raven is mind-blowing!

Waqas Rashid

Amazing cars, next-level customer service and an all round brilliant experience. Thank you Daryl and team!

Becky Purchase

A very easy going and flexible experience from beginning to end. A huge thanks to Daryl who had made it feel seamless. I had taken out the G63 AMG which was a 10/10 drive! Will definitely be using EV Hire again!


The BEST in the business - went above & beyond for me & hired the car of my dreams. Daryl & his whole team are a joy, don’t hesitate!Looking forward to the next time!

Jonny Barrett

Google Reviews Read all reviews


Book now