Amazon has delivered over 5 million packages with over 1,000 Rivian’s electric delivery vans since the July of this year.
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Amazon-backed EV startup Rivian reached $99 billion valuation
After months of speculations, Rivian finally made its debut on the stock market. Electric vehicle startup’s stock began trading at $106, almost %40 higher than its expected price of $78. Rivian was founded in 2009 by RJ Scaringe, an MIT engineering grad who previously failed on some other EV startups. This time was different. Today Rivian reached… Continue reading Amazon-backed EV startup Rivian reached $99 billion valuation