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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

Rivian Reportedly Waiting for Government Approval To Deliver R1T

Rivian Reportedly Waiting for Government Approval To Deliver R1T

Rivian CEO RJ Scaringe claims that the automaker is on track to begin delivering its all-electric R1T pickup truck in September.

Vineeth Joel Patel2021-08-28 17:00 PT

Electric Truck Maker Rivian Files for IPO, Aiming for an $80 Billion Valuation

Electric Truck Maker Rivian Files for IPO, Aiming for an $80 Billion Valuation

​Electric truck maker Rivian, a company backed by e-commerce giant Amazon and Ford Motor Co., has filed paperwork for an IPO, in one of the most anticipated Wall Street debuts in the auto industry since Tesla went public in June 2010.

FutureCar Staff 2021-08-27 11:15 PT

Electric Truck Maker Rivian Delays Deliveries of the R1T Pickup Until September

Electric Truck Maker Rivian Delays Deliveries of the R1T Pickup Until September

​Reservation holders eager to receive their new R1T pickup truck from electric vehicle startup Rivian will have to wait a few more months. The company announced that it has pushed forward deliveries of the The R1T Launch Edition a second time to September. In an email sent to R1T reservations holders, Rivian CEO RJ Scaringe, cited multiple factors for the delays, including the global chip shortage.

FutureCar Staff 2021-07-16 11:00 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 Electric Vehicle Startup Rivian Aims for U.S. IPO This Year

Amazon-backed Electric Vehicle Startup Rivian Aims for U.S. IPO This Year

​Electric truck startup Rivian intends to launch its U.S. IPO by the end of the year, taking advantage of investor interest in electric vehicles that pushed Tesla’s stock to record highs in 2020. Rivian could launch its IPO as early as September. The company is one of the most well funded electric vehicle startups. Last month, Rivian announced a $2.6 billion investment round led by T. Rowe Price. The company said it has raised $8 billion since the start of 2019.

FutureCar Staff 2021-02-10 12:15 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

Tesla Sues Electric Truck Startup Rivian for Stealing Trade Secrets

Tesla Sues Electric Truck Startup Rivian for Stealing Trade Secrets

​Electric automaker Tesla has filed a lawsuit in California against electric truck maker Rivian, accusing the startup of stealing trade secrets and poaching employees. In its suit, Tesla claims that Rivian displayed an “alarming pattern” of poaching its employees and stealing trade secrets. However, Rivian has denied the allegations.

Jeremy Carlton2020-07-24 14:30 PT

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

​Michigan-based electric truck startup Rivian is emerging as one of the hottest new electric vehicle startups since Tesla and the company has a big war chest to prove it. The Plymouth, Michigan-based company announced on Friday a new $2.5 billion investment round led by T. Rowe Price.

Eric Walz2020-07-10 09:00 PT

Electric Vehicle Startup Rivian Shares an Update on its Illinois Factory That Was Once Owned by Mitsubishi Motors

Electric Vehicle Startup Rivian Shares an Update on its Illinois Factory That Was Once Owned by Mitsubishi Motors

In the midst of the coronavirus shutdown of the auto industry, Electric vehicle startup Rivian shared a video of the construction progress at its factory in Normal, Illinois. The new factory is where Rivian will build its electric pickup truck and SUV.

Eric Walz2020-04-01 14:15 PT

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Today, electric vehicle startup Rivian announced a $1.3 billion funding round led by new investor T Rowe Price. The investment round also included BlackRock Inc. and participation from Rivian’s existing investors. The latest funding is Rivian’s fourth major investment this year.

FutureCar Staff 2019-12-23 13:25 PT

With 200,000 Reservations Since Last Week, Tesla’s New Cybertruck Ignites Interest in Electric Pickups

With 200,000 Reservations Since Last Week, Tesla’s New Cybertruck Ignites Interest in Electric Pickups

Despite the unusual appearance of the Tesla Cybertruck, reservations for it topped 200,000 in just a matter of days, according to Tesla. The slew of reservations might be a good indicator of the growing interest in electric pickups.

Eric Walz2019-11-25 16:45 PT

Rivian R1T: What’s Going on With Rivian's New Pricing Plan?

Rivian R1T: What’s Going on With Rivian's New Pricing Plan?

Rivian hints about the pricing of its highly anticipated offerings, the electric R1T pickup truck and R1S three-row SUV.

Manish Kharinta2019-10-08 08:00 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