Without it say people familiar with the companys financials there would be no hope of the 80 billion valuation Rivian is aiming for. Rivian may have the largest initial public offering for an electric vehicle maker.
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A little over two years ago when Rivians all-electric vehicles were still just blueprints American carmakers Ford and GM were itching to invest.
Rivian. Fast-forward to the present and Ford wound up. The company is driven by the business Amazon is providing. Rivians R1T First Mile Event at the Sonoma Raceway in Sonoma CA - November 2021 Ride Along with Rivian host and some quick footage of the new R1T Snow P.
Rivian filed paperwork with the Securities and Exchange Company Friday giving investors a chance to look under the hood of the EV truck maker. Rivian plans to sell 135 million shares for 57 to 62 each according to a filing with the SEC Monday. Crucially it makes Rivian the first to manufacture an electric.
Rivian CEO RJ Scaringe took to Twitter on Tuesday to post photos of the moment the first customer-bound R1T rolled off the line.
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