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Home Business

Rivian valued at more than $100bln with shares closing at 30% jump

by Meghana Kandra
November 10, 2021 - Updated On November 11, 2021
in Business, Cars, Electric Vehicles, Markets
Reading Time: 1 min read
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Rivian valued at more than $100bln with shares closing at 30% jump
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Rivian is valued at more than $100 billion after the world’s largest Initial Public Offering (IPO). There was a 30% jump from the initial public offering of shares, to $100.73. With this IPO, Rivian is the second most valuable automaker in the US. Where Tesla is evaluated to be $1.06 trillion, being the first most valuable automaker.

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Rivian IPO: EV Maker Boosts IPO Price Range, Aims for $65-Billion Valuation | Technology News
Image credits- NDTV
Tags: electric vehiclesRivianRivian IPORivian R1SRivian R1tRivian R1T kitchenRivian RJ ScaringeRJ Scaringe
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Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

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How to Increase Gas Mileage: Small Driving Changes That Save Big at the Pump

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Fuel prices may rise and fall, but one thing stays constant: drivers want to make every litre go further. The good news is that improving gas mileage does not always require buying a new hybrid or changing cars altogether. A few disciplined habits behind the wheel, along with basic maintenance, can make a noticeable difference over time. For most drivers, the biggest gains come from reducing waste. That means less aggressive acceleration, fewer unnecessary trips, correctly inflated tyres and a car that is mechanically healthy. Smooth Driving Uses Less Fuel The quickest way to burn more fuel is to drive as if every traffic light is a starting grid. Hard acceleration, sharp braking and sudden changes in speed force the engine to work harder and consume more petrol. A smoother approach works better. Accelerate gradually, maintain a steady speed where possible and look ahead to anticipate traffic. If a red light is visible in the distance, easing off the accelerator early is usually more efficient than rushing forward and braking hard at the last moment. Speed also matters. As speeds rise, aerodynamic drag increases and the engine needs more energy to keep the vehicle moving. On highways, staying within a sensible cruising range rather than constantly pushing at high speeds can help reduce fuel consumption. Check Tyre Pressure Regularly Tyres are easy to ignore until something goes wrong, but they play a major role in fuel economy. Under-inflated tyres create more rolling resistance, which means the engine has to use more fuel just to move the car forward. Drivers should check tyre pressure at least once a month, preferably when the tyres are cold. The correct pressure is usually listed on the driver-side door frame or in the owner’s manual. It is important not to use the maximum pressure printed on the tyre sidewall as a target. That figure is not necessarily the recommended setting for the vehicle. The US Environmental Protection Agency notes that under-inflation reduces fuel economy, increases tyre wear and adds to emissions. Stop Carrying Extra Weight A car is not a storage room. Heavy items in the boot may seem harmless, but extra weight makes the engine work harder, especially in city traffic where the vehicle is constantly stopping and starting. Clear out unnecessary tools, boxes, sports gear and other items that have been sitting in the car for weeks. Roof racks and cargo boxes can also hurt mileage by increasing aerodynamic drag. If they are not being used, remove them. This is especially relevant for drivers who spend most of their time on highways, where wind resistance becomes a bigger factor. Keep Up With Maintenance A well-maintained vehicle is usually a more fuel-efficient vehicle. Delayed oil changes, worn spark plugs, clogged air filters, dragging brakes and poor wheel alignment can all affect how efficiently a car runs. Following the manufacturer’s service schedule is the safest route. Use the recommended engine oil grade and get warning lights checked instead of ignoring them. A sudden drop in mileage can be an early sign that something needs attention. The EPA advises motorists to follow their vehicle maintenance schedule and use the recommended motor oil to support better fuel efficiency and safer operation. Combine Trips and Avoid Long Idling Short trips can be surprisingly fuel-hungry because the engine has not had enough time to reach its most efficient operating temperature. Combining errands into one planned route can reduce cold starts, unnecessary kilometres and fuel use. Idling is another quiet fuel drain. If you are waiting for an extended period, switching off the engine can be more sensible than leaving it running. Modern cars do not need long warm-up periods before driving. Start, settle for a few seconds and drive gently. The Bottom Line Better gas mileage is less about one miracle trick and more about consistent habits. Drive smoothly, maintain the right tyre pressure, remove excess weight and service the car on time. These small changes may not feel dramatic on a single trip, but over months of commuting, school runs and highway drives, they can add up to real savings.

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