'Better Routeplanner' - Rivian Acquires Swedish Mapping Firm Iternio For Undisclosed Sum
Portfolio Pulse from Shivani Kumaresan
Rivian Automotive has acquired Swedish mapping company Iternio, developer of the 'A Better Routeplanner' (ABRP) app. Rivian plans to integrate ABRP's technology into its in-vehicle navigation system and mobile app, enhancing trip planning and charging stop options for EV drivers.
June 22, 2023 | 9:56 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rivian acquires Iternio, enhancing its in-vehicle navigation system and mobile app with ABRP's technology for better trip planning and charging stop options.
The acquisition of Iternio will allow Rivian to integrate ABRP's technology into its products, providing better trip planning and charging stop options for EV drivers. This could lead to increased customer satisfaction and potentially higher sales, positively impacting RIVN's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100