Home Business EV truck startup Rivian seeks $60 billion valuation in IPO

EV truck startup Rivian seeks $60 billion valuation in IPO

by staff

Rivian has generated significant buzz with its inaugural models, which feature 300-plus miles of range, go from zero to 60 mph in three seconds and start at $73,000 for the R1T truck and $75,500 for the R1S SUV, offset by a $7,500 federal tax credit for electric vehicles. The first trucks rolled off the line in September, while the SUV is expected to launch in December, according to the IPO filing.

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