With high-profile backers, EV startup Rivian goes public

With high-profile backers, EV startup Rivian goes public

2 years ago
Anonymous $np3LcwuhSi

https://apnews.com/a4fbf37459572bf0b698e01888a4a992

SILVER SPRING, Md. (AP) — Shares in Rivian Automotive are set to trade publicly on Wednesday, and the world should get a better idea of just how hot investors are for the electric vehicle market.

Rivian, the EV startup backed by Amazon and Ford, raised at least $10.5 billion in its public offering to help it ramp up production of its trucks, vans and SUVs. It's the latest in what's becoming a long line of companies trying to carve out some of Tesla's dominant market share.