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
Opportunity
- Biggest IPO ever
- Unsaturated market
- Giants support
Threat
- Huge valuation
- No 10k available for analysis