Should You Climb Aboard EV Maker Rivian's IPO?
Electric automaker Rivian plans to launch one of the decade's biggest IPOs, which could raise over $8 billion. But despite the company's sleek trucks and SUVs, investors need to brace themselves for a stomach-churning ride.
Founded in 2009, Rivian launched its first vehicle – the R1T – in September. This five-passenger pickup tows up to 11,000 pounds, races from 0 to 60 mph in three seconds, and boasts a range of 314 miles. Rivian sells the R1 at a starting price of $67,500. Its optional accessories include a Camp Kitchen, with induction cooktops and a water tank for washing dishes, that slides out of from the side of the truck.
Rivian also plans to roll out its R1S, a seven-passenger SUV built on the R1T's battery and propulsion system, in December for $70,000. You can fold the R1S's seats for up to 105 cubic feet of cargo space.
Source Fool.com
