Electric-vehicle maker Rivian Automotive Inc. is set to become a public company, hoping to carve a niche for itself offering EVs for the great outdoors.
Electric-vehicle maker Rivian Automotive Inc. is set to become a public company, hoping to carve a niche for itself offering EVs for the great outdoors. filed for a confidential IPO in August and publicly submitted the paperwork with security regulators last week. The company is seeking to sell $100 million worth of shares, although that’s often a placeholder used to calculate fees.
The company filed confidentially for its IPO in late August, just two months after it had closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue also participated in that round.
Rivian filed for an initial public offering (IPO) on Friday. The electric vehicle maker filed its IPO confidentially back in August. The S-1 document filed with the Securities and Exchange Commission was made public and revealed financial and preorder information. So far, Rivian has reported huge losses but that’s expected...
ZeroAvia has new high praise to celebrate. The World Economic Forum (WEF) awarded ZeroAvia a spot on its exclusive “2021 Technology Pioneers” list. The annual list lauds only 100 companies worldwide in the early to growth-stage that showcase “great potential to not only shake up their industries but offer real solutions to global problems,” according to a statement from WEF member Susan Nesbitt. The list also included innovators in cybersecurity, robotics, and artificial intelligence. WEF called ZeroAvia, “The first practical zero-emissions, hydrogen-fuelled, powertrain technology provider for aviation,” in a list of North American notables.
BETA Technologies announced a new partnership with CAE for pilot and maintenance technician training for its ALIA electric vertical takeoff and landing (eVTOL) aircraft, according to a Sept. 15 press release. The program will be developed to meet the specific needs of BETA’s eVTOL and will be built alongside the...
I write about disruptive companies, technologies and usage models. You can't turn on the news these days without seeing the devastating and likely consequences of climate change, from more prolonged and more intense fire seasons in the west to freak blizzards in Texas to stronger and more frequent storm systems inundating the Gulf Coast and eastern seaboard. At this point, the well-established scientific consensus is these worsening conditions are directly related to and exacerbated by man-made climate change. While unregulated industry is looked at as the main culprit, that same business world is in a unique position now to do something about it. Without proper governmental leadership on the issue, big business might be our best chance at curbing carbon emissions.
More companies have signed onto Amazon’s Climate Pledge in an effort to reach net-zero emissions by 2040. On Monday, 86 new companies signed the pledge, including online retailer Asos, Canadian luxury department store chain Holt Renfrew and U.K. department store chain Selfridges. When Amazon introduced its Climate Pledge in 2019, it made a commitment to be net zero by 2040, 10 years ahead of the goal for the Paris Agreement. Now, more than 200 global companies have joined the pledge, representing more than 7 million employees across 26 industries in 21 countries. “I believe that now, more than ever, companies like Amazon have...