Rivian Automotive-Rivian reveals first $10M in grants for long-promised Rivian Foundation

Rivian has revealed the first $10 million worth of grants from the Rivian Foundation, a philanthropy established three years ago in conjunction with Rivian’s IPO to dedicate 1% of its equity to those making the “natural world” a “stakeholder in our success.”The company launched a website for the foundation on Monday that details 41 grantees who will collectively receive just north of$ 10 million in funding. The recipients are mostly in the United States, with a few falling outside the EV startup’s home coun ...