Rivian raises another funding round worth $2.5B

[echerod]

https://rivian.com/newsroom/article/rivian-closes-2-5-billion-funding-round

Very nice war chest in anticipation of new manufacturing facility

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[Jay]

Came across this article. Looks like they are rolling up their sleeves and getting ready to go international.

https://www.cnbc.com/2021/07/23/riv...-in-new-funding-round-led-by-amazon-ford.html

 

[nfrank]

Seems strange to get this much funding months before going public. Very reassuring in the time of sketchy SPACs, though

 

[Bumble1978]

::finding suitable 'Make it rain' GIF/Meme::


Hmmm....do I go with Aziz, PDiddy, or the Dos Equis 'Most Interesting Man in the World' guy?!? ?

 

[MIG]

Seems strange to get this much funding months before going public. Very reassuring in the time of sketchy SPACs, though

They investor group likely had an option to purchase a larger chunk if certain milestones were met.

 

[ja_kub_sz]

I know there were talks of going public September 2021, but I would be surprised if Rivian did so without having EV's out on the street.

Now that they've shored up some extra cash (I'm sure people want to throw it at them) they can make the roll out push. Once their first run of vehicles are out, I think the rest will fall into place and the IPO thereafter Q1 2022 (guessing).

More importantly Q1 2022 I hope I got my Max Pack R1T!

 

[Zoidz]

Very reassuring in the time of sketchy SPACs, though

Sketchy is right. Fortunately it looks like the SPAC bubble has popped.

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