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Rivian CEO RJ Scaringe did not disclose the value of the deal
but said it was closed in the first quarter.
This comes after Reuters reported first on Tuesday on Rivian's
plan to adopt Tesla's charging standard for its vehicles as well
as its own small fast-charging network, which will give
customers access to the biggest U.S. charging network and Rivian
a significant revenue stream from Tesla users.
Iternio's app - called A Better Routeplanner (ABRP) and popular
with EV owners in North America and Europe - provides route
calculation services that take into account weather conditions,
charging stops, vehicle weight and other factors.
Scaringe said Rivian would invest in improving and growing ABRP
as a stand-alone app for users of other EVs and integrate
Iternio's technology into its mobile app and in-vehicle
navigation system.
"The data that comes off of having a very active user base
allows us to be very intentional as to how we build out a
charging infrastructure," Scaringe said, adding that data on
locations that lack chargers or have chargers with poor
performance would be particularly beneficial.
Iternio was founded in 2018 and operates two lines of business:
the ABRP app, which is the consumer-facing side, and a back end
where it provides routing data services for other entities.
"Solving broad-scale adoption of electrification requires a
level of collaboration, particularly on charging, that's not
typical for automotive," Scaringe said, referring to the deals
with market leader Tesla and Iternio.
(Reporting by Abhirup Roy in San Francisco and Akash Sriram in
Bengaluru; editing by Jonathan Oatis)
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