Ed Ludlow and Crystal Tse

Business, Technology, Fuel

Rivian Set for IPO That Will Rank as Year’s Biggest

The Rivian R1T electric pickup truck The Rivian R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)

Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.

Ed Ludlow and Crystal Tse | Bloomberg News
November 9, 2021
Business, Technology, Equipment, Fuel

Rivian IPO Puts Slow Race to Commercial EV to Public Market Test

Rivian The charging port on a Rivian electric vehicle. (Rivian)

Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most closely watched competitors is following in its tire treads with a much richer valuation.

Ed Ludlow and Crystal Tse | Bloomberg News
November 9, 2021
Business, Technology, Fuel

SPAC Boom Propels EV Makers to Public Markets

The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif. The Lucid Motors Air prototype electric vehicle stands at the company's headquarters in Newark, Calif., in August 2020. (David Paul Morris/Bloomberg News)

Until June last year, Tesla Inc. was the only dedicated electric carmaker based in the U.S. on the stock market. Then special purpose acquisition companies took over Wall Street.

Ed Ludlow and Crystal Tse | Bloomberg News
January 22, 2021