Electric vehicle startup Rivian, which started deliveries of its R1T pickup truck in September, released its filing to wilt a publicly traded visitor in the United States.
The S-1 document, which was filed Friday with the U.S. Securities and Exchange Commission, does not include terms for its offering.
The visitor filed confidentially for its IPO in late August, just two months without it had sealed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and finance well-considered by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue moreover participated in that round.
Inside the S-1
The S-1 document provides a first squint at Rivian’s financial data and other insights into the visitor as well as the risks and opportunities it faces.
Rivian reported a net loss of $426 million in 2019. Those losses increasingly than doubled to $1 billion as the visitor built out its factory in Normal, Illinois, prepared to uncork producing its R1T pickup truck and R1S SUV and expanded its workforce. The visitor now employs increasingly than 8,000 people wideness several facilities in California, Michigan, Illinois and the U.K.