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Electric automobile company Rivian has confidentially filed for an IPO

by | Aug 27, 2021 | Startups

Rivian, the electric automobile start-up backed by a host of institutional and strategic financiers, including Ford and Amazon, has actually confidentially filed documents with the U.S. Securities and Exchange Commission to go public. The size and cost range for the proposed offering have yet to be determined. The initial public offering is expected to occur […] The private filing comes less than 2 months since Rivian announced it had actually closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts encouraged by T. Rowe Price Associates Inc. Rivian has actually raised roughly $10.5 billion to date. …

Rivian raises $2.65 B as it pushes toward production of its electric pickup

Rivian raises $2.65 B as it pushes toward production of its electric pickup

by | Jan 19, 2021 | Startups

Rivian has raised $2.65 billion as it prepares to begin production this summer season of its all-electric pickup. The round, which was led by accounts and funds advised by T. Rowe Cost Associates Inc., likewise consisted of Fidelity Management and Research Company, Amazon’s Climate Promise Fund, Coatue and D1 Capital Partners along with a number of other […] Rivian hasn’t held back on spending that capital. The business has actually put more than $1 billion into its factory in Normal, Illinois. The overhaul of the 3.5 million-square-foot factory is on schedule, but not yet total, according to the company. Rivian also plans to produce the delivery vans for Amazon at the factory. …