George Soros lost millions in his investment in electric truck startup Rivian; reduces stake after 90% drop from peak
Early last year, we wrote about Billionaire investor George Soros after he bought nearly […]
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Top startup news for Monday, March 13, 2023: Amazon, Connectd, Meta, Pfizer, Rivian, Qualtrics, and SaasGuru
Good evening! Below are some of the top tech startup news stories for Monday, […]
Rivian in talks to end exclusivity deal with Amazon for its EV delivery trucks and court new customers
Electric vehicle (EV) maker Rivian Automotive is in talks with its largest shareholder Amazon […]
Amazon takes $7.6 billion loss on Rivian stake after the once high-flying EV startup lost over 80% of its value; from its peak of $146.7 billion to $29.41 billion
We first covered Rivian in 2019 after the once secretive and high-flying electric truck […]
George Soros buys $2 billion stake in Amazon-backed electric truck startup Rivian
We covered Rivian back in November last year after the Amazon-backed electric truck startup lost […]
Rivian lost nearly all its IPO gains after the EV-truck startup said it’s not working with Ford Motor to develop electric vehicles together
Eleven days ago, we wrote about Rivian after the Amazon-backed electric vehicle-truck startup made its […]
Shares of Amazon-backed EV startup Rivian pops on IPO debut, surpassing GM at $101 billion market cap despite less than 100 EV trucks delivered
Yesterday, we wrote about Rivian after the Amazon-backed EV startup made its public market […]
Amazon-backed EV tech startup Rivian is going public at $66.5 billion valuation
Late last month, Amazon quietly increased its stake in electric vehicle tech startup Rivian […]
Amazon increases its stake in electric vehicle tech startup Rivian to 20%, bringing its total equity to $3.8 billion
In July, electric vehicle startup Rivian announced it raised $2.5 billion in funding led […]
EV tech startup Rivian raises $2.5 billion in funding led by Amazon, Ford to bring electric pickup trucks and delivery vans to market
Electric truck startup Rivian is looking to ride the electric car waves with the […]
Rivian lands $2.5 billion in funding to bring electric pickup trucks and delivery vans to market
Over the past few months, Tesla has been making the headlines after the electric […]
Amazon, Ford, and T. Rowe Price invest additional $1.3 billion in electric adventure vehicles startup Rivian
Electric startup Rivian is back in the news. With millions of gas guzzlers on the […]
Ford invests $0.5 billion in electric pickup startup Rivian in bid to develop a Ford-branded all-electric vehicle
Back in February, we wrote about Rivian, when the electric startup company raised a […]
Amazon leads $700 million investment in electric truck startup Rivian
The secretive Electric truck startup Rivian has been in the news lately. With millions of […]
SoftBank targets over $50 billion valuation for its ARM’s IPO
Late last month, we wrote about Arm Holdings Ltd. after the SoftBank-owned chip designer […]
Top tech startup news for Monday, April 3, 2023: Acorns, Acre, Apple, Boba, GoHenry, Kaszek, and Storyblok
Good evening! Below are some of the top tech startup news stories for Monday, […]
Apple to lay off staff within its corporate retail teams: Report
After many months of promising no layoffs, the iPhone giant is now joining a […]
EV tech startup Lucid to lay off 1,300 employees, or about 18% of its workforce
Luxury electric vehicle startup Lucid Group announced Tuesday it is laying around 1,300 employees, […]
UK electric vehicle startup Arrival says net loss grows to $310.3 million; lacks funding to keep business running through 2023
2022 has been a very difficult year for the entire electric vehicle industry and […]
Amazon to invest over €1 billion in European electric vans and truck fleet in a push for net-zero carbon emissions
Amazon announced on Monday that it will invest nearly $1 million over the next […]