Founded by CEO and MIT grad RJ Scaringe, EV startup Rivian has been quietly operating for nearly a decade. That time was spent developing their platform and securing funding mostly under the radar until Rivian purchased a former Mitsubishi factory in Normal, Illinois last year. Unveiling their first model ahead of the 2018 LA Auto Show, the R1T is a four-door pickup that promises some of the best specs of any EV currently on the market. A 180 kWh battery pack good for 400 miles and a modular design that allows for upgradable hardware like LIDAR, radar, and GPS and over-the-air software updates for Level 3 autonomous driving will be available at launch. That battery pack combines with four motors for an output of 750hp, a 0-60 time of 3 seconds, and a towing capacity of over 11,000 lbs. Higher-end models of the R1T will be sold initially, with lower-range versions coming shortly after launch. The R1T will start at $69,000 and a refundable $1,000 deposit secures one now.