Rivian Automotive, Inc. (NASDAQ: RIVN) acquired Swedish mapping company Iternio, developer of the ‘A Better Routeplanner’ (ABRP) app.
The amount of the deal was not disclosed.
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.
Led by RJ Scaringe, Founder and CEO, Rivian is an Irvine, CA-based company that designs, develops, and manufactures electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. The company 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.
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.
FinSMEs
23/06/2023