Rivian IPO

rivian.com | Automotive | Founded: 2009 | Funding to Date: $7.93B

Rivian was founded in 2009 by Robert "RJ" Scaringe. The company has not officially endorsed a plan to participate in an IPO.

Rivian, often touted as a competitor of Tesla, is an electric vehicle developer and manufacturer. The two products currently in development – an SUV and a pickup truck – are planned to have semi-autonomous capabilities and are designed for off-road use in addition to normal usage. The company has raised approximately $5.8 billion in Venture Capital funding from investors including BlackRock, T. Rowe Price, Soros, Fidelity, Baron Capital Group, Cox Automotive, Ford, and Amazon.com. Per company press releases, Rivian last raised $2.5 billion in July 2020 at an undisclosed post-money valuation.

ENTERPRISE VALUE (based on primary fundings)

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NEWS

Crunchbase

Electric car-maker Rivian Automotive is exploring going public this year, Bloomberg reported Tuesday. The company could go public as soon as September with a valuation of $50 billion, according to the report. The news comes a few weeks after Rivian raised $2.7 billion in a private-equity round led by T. Rowe Price.

Disclaimer

None of the information displayed on this page (i) represents an offer to buy or sell or a solicitation of an offer to buy or sell any security, (ii) constitutes an offer to provide investment advice or service, nor (iii) should be construed to mean that a company has officially endorsed a plan to participate in, or forego, an IPO merely by its inclusion on this page.

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