 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
 by AFP Staff Writers New York (AFP) Nov 1, 2021
Rivian Automotive, an Amazon-backed electric vehicle startup, said Monday it is targeting a valuation of more than $50 billion. The California-based company will price shares between $57 and $62, raising up to $9.1 billion at the midpoint price and all company stock at about $52.5 billion, according to a securities filing. US business media said Rivian could go public on Wall Street as soon as next week. Rivian has raised more than $10 billion in funding since its founding in 2009, including from Amazon, which has pledged to purchase 100,000 electric delivery vans from the startup. The Amazon order constitutes "the largest order of EVs ever" and "supporting a path to carbon neutral deliveries" for the giant retailer, Rivian said in the filing. Amazon disclosed last week a stake of $3.8 billion in preferable stock of Rivian, according to a securities filing. In addition to the Amazon delivery vehicles, Rivian is producing electric trucks and sport utility vehicles for consumers with prices starting from around $70,000. The news from Rivian comes as governments around the globe, including in the United States, make the development of electric cars a priority, and as the global auto sector accelerates EV production. The offering also follows Elon Musk's company Tesla last week hitting a market valuation of more than $1 trillion.
Making self-driving cars human-friendly Leeds UK (SPX) Oct 28, 2021 Automated vehicles could be made more pedestrian-friendly thanks to new research which could help them predict when people will cross the road. University of Leeds-led scientists investigating how to better understand human behaviour in traffic say that neuroscientific theories of how the brain makes decisions can be used in automated vehicle technology to improve safety and make them more human-friendly. The researchers set out to determine whether a decision-making model called drift diffusion c ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
