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With high-profile backers, EV startup Rivian goes public

November 10, 2021

Via: ABC News

Shares in Rivian Automotive are set to trade publicly 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.

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