EV startup Rivian has spent most of its life shrouded in secrecy, but now that it’s going public, that protective veil is lifting. (Instead of selling shares this time, though, Rivian essentially borrowed a total of $2.5 billion from Amazon, Ford, T. Rowe Price, and Mannheim Investments. It can go ahead and buy the 100,000 electric vans as advertised. And on Wednesday, Bloomberg reported that the majority of the focus will be on the Amazon vans in the early going. And it’s now one of the very first to follow Tesla into the extremely challenging arena of mass-manufacturing electric vehicles.

Source: The Nation October 07, 2021 15:45 UTC