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Electric Truck Startup Rivian Plans to Raise up to $8 Billion in its Upcoming IPO

Electric Truck Startup Rivian Plans to Raise up to $8 Billion in its Upcoming IPO

On Wednesday, Reuters​ reported that electric truck startup Rivian is aiming to raise between $5 billion and $8 billion with its upcoming IPO later this year. The company is seeking a valuation of about $80 billion in the listing, which would make it more valuable than U.S. automakers Ford Motor Co and General Motors.

FutureCar Staff 2021-09-15 11:50 PT

Rivian R1S, R1T Rated at Over 300 Miles by EPA

Rivian R1S, R1T Rated at Over 300 Miles by EPA

The EPA has completed its range testing on Rivian’s all-electric vehicles and they’re both rated at above 300 miles.

Vineeth Joel Patel2021-09-11 07:15 PT

Electric Truck Startup Rivian Applies for Zoning Amendment for a 380 Acre Site Near its Illinois Factory for Future Expansion

Electric Truck Startup Rivian Applies for Zoning Amendment for a 380 Acre Site Near its Illinois Factory for Future Expansion

​Electric truck maker Rivian has not yet delivered its first electric vehicle, but the company is already eying expansion at its Normal, Illinois factory as it looks to become the Tesla of trucks.

FutureCar Staff 2021-03-12 16:00 PT

Amazon-backed EV Startup Rivian Raises $2.6 Billion Led By T. Rowe Price

Amazon-backed EV Startup Rivian Raises $2.6 Billion Led By T. Rowe Price

​Rivian, the electric vehicle startup backed by Amazon and Ford Motor Co announced Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price as the company moves closer to production of its R1T fully-electric pickup and companion R1S SUV. The company’s post-money valuation is now over $25 billion as Rivian looks to compete against trucks from Ford Motor Co and General Motors.

Eric Walz2021-01-19 14:05 PT

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Electric truck startup Rivian Automotive Inc. is close to raising a new round of funding that would value the startup at $25 billion, according to people familiar with the matter. Existing Rivian investors including e-commerce giant Amazon will participate in the latest funding round, which will raise several billion dollars for the electric truck startup.

FutureCar Staff 2021-01-05 17:35 PT

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric truckmaker Rivian​ continues to secure major investments this year. The company announced on Tuesday that automotive services company Cox Automotive will make an equity investment of $350 million.

Eric Walz2019-09-10 12:30 PT

Ford Invests $500 Million in Electric Truck Startup Rivian, Is There an Electric F-150 Coming Soon?

Ford Invests $500 Million in Electric Truck Startup Rivian, Is There an Electric F-150 Coming Soon?

Electric adventure vehicle maker Rivian is set to become a major player in the electric vehicle space after announcing a $500 million strategic investment from the Ford Motor Company. The two companies will work together on new electric truck that will be built on Rivian’s flexible EV “skateboard platform.”

Eric Walz2019-04-24 12:21 PT

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

​Electric truckmaker Rivian soon may become a major player in the electric vehicle space after receiving a $700 million investment led e-commerce giant Amazon. Rivian first revealed its two electric models, the R1T pickup truck and R1S SUV, at the Los Angeles Auto Show this past November.

Eric Walz2019-02-15 12:13 PT