Rivian announced on Wednesday its upsized initial public offering of 153,000,000 shares of Class A common stock was set at $78 per share, raising $11.93 billion for the company. The electric automaker backed by the likes of Amazon and Ford, is set to trade under the ticker symbol “RIVN” on the Nasdaq today. The offering […]
In updated securities filings dated Friday, Rivian increased the price range for the 135 million shares it will be offering during its IPO from $57-62 USD to $72-74 USD — reports CNBC. Taking the new price range into account, and assuming underwriters exercise their option to purchase an additional 20.25 million shares, the electric vehicle (EV) […]
As Ford and Amazon-backed Rivian has planned for an initial public offering (IPO) of around $50 billion USD since February, the company has officially announced plans to offer up shares, expected to outsell the initial estimates. Rivian is shooting for a target of $54.6 billion USD in market valuation for its upcoming IPO, offering 135 […]
In a filing with the Securities and Exchange Commission (SEC) on Friday, Amazon disclosed a sizable stake in electric vehicle (EV) startup Rivian — reports CNBC. As of September 30, Amazon holds equity investments “including preferred stock of Rivian Automotive, Inc. representing an approximately 20% ownership interest” that is valued at $3.8 billion USD, reads […]
After Rivian’s all-electric R1T truck started rolling off the production line last month, the first deliveries are now going out to the startup’s employees and earliest customers. Travis Munson (@travislmunson), a facilities strategist at Rivian and former Tesla employee, took delivery of his Glacier White R1T on Friday, and proceeded to share images of the […]
In a recently published YouTube video, tech enthusiast Marques Keith Brownlee (aka MKBHD) gets hands-on with the recently launched Rivian R1T all-electric pickup truck, drives it around for a day, shares his experience, and reviews Rivian’s first electric vehicle (EV) to make it off the production line. Right off the bat, Marques introduces the R1T […]
Rivian may be looking to begin a subscription autonomous driving service, according to new filings that surfaced on Monday. A Form S-1 filing with the Securities and Exchange Commission (SEC) from Rivian alludes to an autonomous driving feature that will reportedly cost about $10,000 USD, according to Teslarati. The filing shows the company’s estimated lifetime […]
With its first customer-bound vehicle making it off the production line last month, Rivian is now working on becoming a publicly-traded company. In a Friday filing for a U.S. initial public offering (IPO), the electric vehicle (EV) startup revealed plans to build battery cells in-house — reports Reuters. Rivian currently sources batteries for its all-electric […]
After a couple of unfortunate delays, the first customer-bound unit of Rivian’s all-electric R1T pickup truck rolled off the production line last month. In a recently published video, YouTuber Snazzy Labs gives us our best look yet at the electric vehicle (EV) as part of a media tour he was part of, plus walks us through some […]
Rivian’s R1T electric pickup truck has finally come to fruition and is making its first round of deliveries to employees, before delivering to preorder customers. The embargo has lifted on first reviews from select media outlets, just weeks before reservation holders are expected to take first delivery of the electric truck. The Rivian R1T rolled […]
The first production unit of Rivian’s all-electric pickup truck, the R1T, rolled off the line and into the hands of the first customer last week. According to a recent tweet from The Kilowatts, the owner’s manual for the R1T has now gone live, and it details all of the electric pickup’s specifications, features, and ease of […]
After rolling the first production Rivan electric vehicle off its assembly line, along with U.S. regulatory approval to sell its new cars, deliveries will be coming soon for first customers soon. The delivery process will require Rivan customers to download its mobile app, which was released for iPhone and Android users this week, hitting the […]
After unnamed sources reported Rivian’s plans to build a second assembly plant in the U.S., the news has officially been confirmed by a company document, as the company prepares to start on the project. Amazon-backed Rivian will invest $5 billion USD into a new production facility, as found in a company document retrieved from state […]
Electric automaker Rivian announced on Friday it has closed a $2.5 billion USD funding round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates, Inc. Others in this private funding round included Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, […]
According to Reuters, electric automaker Rivian plans to build a second assembly plant in the United States. Unnamed sources say the second plant would also include battery cell production. A Rivian spokesperson confirmed to the publication it is indeed “exploring locations for a second U.S. manufacturing facility,” adding it was an early and evolving process. […]
