Rivian Announces Acquisition Of Swedish Mapping Company Iternio; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Rivian has acquired Swedish mapping company Iternio, the developer of the 'A Better Routeplanner' (ABRP) app, which is an industry leader in EV trip planning. The acquisition will enhance Rivian's trip planning capabilities for its EV drivers.
June 21, 2023 | 9:02 pm
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Rivian's acquisition of Iternio will strengthen its EV trip planning capabilities, potentially attracting more customers and improving user experience.
The acquisition of Iternio, a leader in EV trip planning, will enhance Rivian's trip planning capabilities. This could attract more customers and improve the overall user experience for Rivian's EV drivers, positively impacting the company's stock price in the short term.
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