Connect with us

Hi, what are you looking for?

Photo courtesy of Rivian.

Clean Transport

Rivian Aims For $80 Billion Valuation In IPO

At long last, Rivian is on the verge of going public. It hasn’t yet delivered a single customer car (or truck), but it is aiming to start its public market life with a whopping $80 billion valuation when it has an IPO (initial public offering) later this year.

That might seem like a big IPO target. Well, it is. Nonetheless, Rivian is heavily backed by Amazon, and unless you’ve been living under a rock, I’m sure you see Amazon delivery vans all over the place. No doubt about it, no matter how well Rivian does on the private consumer vehicle market, Amazon should have vehicle needs Rivian could serve for years to come. Well, that’s basically the biggest thing that might justify an $80 billion IPO target for me.

Image courtesy of Rivian.

Another notable thing, though, is that Ford is also a sizable Rivian shareholder. Ford combined with a talented smart EV startup (Rivian) seems like a potentially kick-butt combo. Also, you know that Ford must have conducted a strong evaluation of Rivian’s vehicle design and manufacturing chops before investing a big chunk of money into the startup — at least, as much as can be conducted before a company is actually producing vehicles.

Rivian has a factory in Illinois, and is reportedly considering one in the UK and one in Texas, but production of its R1T electric pickup truck was supposed to begin in the first half of 2021 and has been delayed. It’s said that production should start soon on the electric pickup, and I’m sure Rivian wants to see that smoothly underway by the time it has an IPO. The R1S electric SUV is delayed indefinitely, but I would cautiously expect its production to begin in 2022.

Rivian is expected to IPO on or around November 25.

Neither the R1T or R1S are supposed to be sold to Amazon, but Rivian also committed to delivering 10,000 electric delivery vans to Amazon by the end of next year and 100,000 by the end of 2030.

The R1T electric pickup truck was a 2021 CleanTechnica Car of the Year finalist, but the Volkswagen ID.3 came away with the gold and, technically, the Ford Mustang Mach-E got the silver.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


You May Also Like

Clean Transport

Rivian CEO RJ Scaringe shared a quick look at the new R1S interior on Twitter yesterday. Scaringer has said before that the R1S was...

Autonomous Vehicles

Ford-backed autonomous vehicle company Argo AI recently started driverless vehicle operations in both Miami, Florida, and Austin, Texas, during daylight hours. “Argo is first...

Clean Transport

That’s right, kids: it’s been exactly ONE YEAR since Ford officially unwrapped its all electric F-150 Lightning pickup. It was on that day that...


Legacy automakers like General Motors and Ford have dominated much of the auto industry for decades. However, with electric vehicles gaining traction, Tesla could...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.