- Rivian Automotive (NASDAQ:RIVN) stock jumped nearly 10 per cent Friday morning and has gained 18 per cent this week
- The auto technology company has been on a roll since it acquired Swedish mapping company Iternio, developer of the “A Better Routeplanner” (ABRP) app
- The app will continue as a stand-alone service for drivers of any EV but will also be integrated into Rivian’s in-vehicle navigation system and trip planning experience in the Rivian app
- Rivian Automotive Stocks (NASDAQ:RIVN). opened trading at US$16.01 per share
Rivian Automotive (NASDAQ:RIVN) stock jumped nearly 10 per cent Friday morning and has gained 18 per cent this week.
The auto technology company has been on a roll since it acquired Swedish mapping firm Iternio, developer of the “A Better Routeplanner” (ABRP) app.
ABRP specializes in electric vehicle (EV) trip planning and boasts a community of EV drivers in North America and Europe. ABRP gives EV drivers the ability to plan and compare routes and charging stop options.
The app will continue as a stand-alone service for drivers of any EV, but will also be integrated into Rivian’s in-vehicle navigation system and trip planning experience in the Rivian app.
Rivian will also be introducing the ability to create trips in its app, so owners can plan their route from home and send their trip directly to the vehicle’s navigation system. Its upcoming release also brings users trip preferences, including preferences for charging networks and range on arrival.
Rivian’s founder and CEO, RJ Scaringe, said in a news release that A Better Routeplanner leads the way in EV trip planning and is an important platform for driving its adoption, which is why it’s so important for the company 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.”
Rivian Automotive Inc. designs, develops and manufactures electric vehicles and accessories. It sells its vehicles directly to customers in the consumer and commercial markets.
Rivian Automotive Inc. (RIVN) opened trading at US$16.01 per share.
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