Daily Poll: Rivian, the EV maker backed by Amazon and Ford has filed for its IPO.
Rivian, has confidentially filed for its upcoming IPO, the company said in a press release on Friday.
Rivian has built a line-up of electric pickup trucks that it plans to begin delivering to customers later this year. Additionally, the company developed an electric delivery van for $Amazon(AMZN.US$ and entered a contract with the e-commerce giant to deliver 100,000 vans by the end of this decade, with 10,000 vans expected to be delivered by the end of next year.
Rivian has raised more than $US10 billion since its inception from various investors, including T. Rowe Price, Fidelity, $Ford Motor(F.US$ , and $Amazon(AMZN.US$ . Rivian’s last funding round valued the company at about $US28 billion, according to media reports.
The company is seen as one of the most viable competitors to $Tesla(TSLA.US$ ’s dominance in the EV space, in part thanks to its refined designs, unique vehicle features, and expected long battery range.
Rivian’s expected public debut later this year will top off a busy year for IPOs, with high-profile names like $Robinhood(HOOD.US$ , $DiDi Global (Delisted)(DIDI.US$ , and $Oatly Group AB(OTLY.US$ completing their offerings earlier this year.
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orine : Fake baby baby girl baby king king of o
orine :
Ray2021 : Keep a close watch. Hopefully better than previous WorkHorse hype.
TeslaBull999 : Competition is coming
ramenbowl : Definitely a threat to other EV players. Especially "empty" EV players that rely solely on sales of EVs as the only source of income.
101823892_antony : elon musk had heart attack this morning
ekimccc : @Ong CH@OonHoe@102819113Read on
FuSioNx : BennettTan
Blessedme : Competition with other EV stocks which may drive up or down the price.