🚗 Rivian Ignites Chicago

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57th Edition

📍 This Week’s Lineup:

🚗 Rivian Ignites Chicago

🗃️ Incoming Chicago Data Centers

📆 Events Around the City

🔙 Previous Editions of the Driver’s Seat

Highlights from Last Week:

We hosted a product manager meetup with Zoco Designs for PMs in Chicago. 👇

One of our pre-seed companies, Architect Health, unveiled their brand new website along with the first edition of the "Front Door Newsletter," spotlighting GTM strategies in healthcare. 👇

Artist Vic Mensa sat down with one of our pre-seed companies, Rivet, to discuss the evolution of music with AI as a catalyst. 👇

🚗 Rivian Ignites Chicago

Two months ago, Rivian paused their plans for a $5B plant in Georgia. They chose to double down and build the plant in Illinois instead.

This new plant will further help cement Illinois as a hub for clean tech and sustainable computing.

Let’s dive in:

Rivian's Expansion

  • Rivian secured $827M from the state to expand its Normal, IL factory for its midsize SUV R2 model.

  • The company's investment in Normal totals $2B, contributing $3.9B to the local economy.

  • Production at the plant has reached 100,000 vehicles since 2021, leading to a 6% increase in Rivian shares post-announcement.

Opportunity for New Jobs

  • The plant expansion will contribute over 550 jobs to the Illinois economy.

  • The state is funding a second manufacturing-job training academy contingent upon Rivian maintaining at least 6,000 jobs in Illinois.

  • With the introduction of the R2 model, Rivian anticipates reaching a total annual capacity of 215,000 vehicles.

🗃️ Incoming Chicago Data Centers

T5’s Expansion to Chicago

  • T5 Data Centers announced a significant expansion to Chicago with a new data center campus.

  • The 160-acre site will support up to 480 MW across multiple data center buildings.

  • Development begins immediately, targeting the first 60MW of data center capacity by Q4 2027.

DPK Hillside’s Proposal

  • DPK Hillside is proposing a two-story, 245,000-square-foot data center in Chicago.

  • The facility will be built on a 13-acre plot of land and will target hyperscale customers.

  • The construction timeline estimates two years for completion.

🗺️ Events Around The City

Monday Morning Run Club, led by Melissa Colao

  • Hosted by Drip Tech Co

  • Monday

  • RSVP

AI Tinkerers Chicago May Meetup

  • Hosted by Drive Capital

  • Tuesday

  • RSVP

MFM Fan Meetup

  • Hosted by RiverApp

  • Thursday

  • RSVP

iVenture’s Chicago Demo Day

  • Hosted by UIUC 

  • Next week

  • RSVP

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👋 See you next week!

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