Rivian CEO: Robert Scaringe Location: Florida, USA Founded in 2009 IPO: 2021 @ 74 USD Industry: EV EV is an unsaturated market led by Tesla. That means there is lots of room for growth where multiple winners can shine. Rivian is attractive because Robert, the founder, has a doctorate in mechanical engineering. He has been able to raise $12 billion from nothing. This money is going to be used to build new manufacturing facilities in the US. Moreover, Rivian is backed by two high-profile giants. Ford held a 13% stake, and Amazon a 20% stake. Products: 1. R1T (truck) @ 70,000 plus add-ons 2. R1S (SUV) @ 70,000 plus add-ons
Strength - Founder has a doctorate in mechanical eng. and is a fresh blood - High quality products -$12 billion in offering
Weakness - Start-up - No sales yet - Battery production is outsourced