Wall Street Betting on Electric Vehicles

Wall Street's $1.3 Billion Bet on EV Startup Rivian
Source:  Rivian R1S SUV

 Unique EV "Skateboard Technology" for Cars, Trucks, SUVs
The 2020's are going to be hot growth years for electric vehicles.  Detroit-based EV startup Rivian just closed on a $1.3 billion investment round led by T. Rowe Price.  The Wall Street investors are joined by existing stakeholders Ford and Amazon.

Rivian's Differentiator:  Unique Technology
Rivian's technological approach to electric vehicles is unique.  It has a patented "skateboard" design.  The skateboard is the chassis that bundles the electric motors, batteries and controls.  Moreover, the skateboard design can accommodate a variety of models and body styles.  That's just one of the unique aspects of Rivian that attracted Ford to invest $500 million in the startup company.

Big 2020 Development Plan
Rivan is currently valued at $5 to $7 billion.  It previously raised $2.2 billion from investors.  It plans to build its all electric pickup truck, the R1T, in late 2020, along with the R1S SUV.  Also, Ford's all- electric Lincoln SUVs will be built on Rivian skateboards starting in 2022.

Accelerating Electric Vehicle Competition
In the global EV industry, Tesla is the strongest and most established player.  But the $1.3 billion latest investment in Rivian places it as one of the industry's better financed players. In China and Europe, there's a tremendous push to bring EVs to market to meet toughening emissions standards.  In the US, GM and Ford are pouring billions of dollars into EV development.

Wall Street and Amazon Betting on This
Amazon has invested $700 million in Rivian.  And, it has ordered 100,000 electric delivery trucks to be built in 2022. T. Rowe Price says Rivian is pushing the innovation frontier forward with its "sustainable transport solutions for consumers and business". Clearly, the electric vehicle sector and startup Rivian are emerging investment opportunities to watch for breakthrough global innovations for investors to explore.  For a free sample read on my latest book "Hot Electric Vehicles for the 2020's", go to https://read.amazon.com/kp/embed?asin=B082GKV1ZY&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_X1NaEbFGPRN3R


Comments

Post a Comment

Popular posts from this blog

Navigation Display on Car Dashboard

Image
VIZR & Smartphone Advanced Display Source: VIZR Heads-Up Display Gadget VIZR is an advanced navigation display that grips to the car dashboard. You put your smartphone on VIZR and it turns your smartphone into a transparent display that lets you navigate and drive while never taking your eyes off the road.  The heads-up display (HUD) uses the same technology that fighter pilots use to stay focused.  The system offers a number of apps to view such as navigational tools like GPS, street maps, traffic conditions and speed. Distracted Driving Over 424,000 drivers are injured yearly by distracted driving.  For instance, by looking back and forth between a screen on the car seat and the road.  This new piece of smart gadget technology is designed to change the dynamic and enable the driver to navigate and keep their eyes on the road for greater driving safety.
Read more

E-Friendly Paddleboard Easy Eddy

Image
New Modular Paddleboard that's Good for the Environment Source:  Easy Eddy Easy Eddy Easy Eddy is a modular, standup paddleboard that breaks into three parts for easy handling, transport and storage.  It's specifically designed to overcome the cumbersomeness of bulky traditional boards. . Massachusetts based startup Artech's water paddleboard is a  new, green innovation. It's made from reclaimed and recyclable polyethylene, making it good for the environment. The board is ten feet long and takes less than 60 seconds to snap together. Enjoying the Environment and Not Hurting the Environment Easy Eddy weighs 37 pounds and fits into most cars, SUVs and boats. And it can support weights up to 200 pounds. Among the features included with the board are an action-cam mount, full length deck pad, sealed storage compartment, water bottle receptacle and bungie straps to secure items onboard.  Artech is in the kickstarter phase with Easy Eddy.  The planned retail price
Read more

Netting a Drone - US Army Countermeasure

Image
US Army Invention - Drone Defense Source:  US Army Drone Netting Device Drone Netting Grenade U.S Army researchers have created a 40 mm grenade to protect the armed forces from menacing, enemy or rogue drones.  The defensive drone grenade takes out the drone with a weighted net. Countermeasure - Net Bagging a Drone The net is spring loaded and ejects from the front of the grenade when it nears the drone target.  The net can be triggered remotely by a person on the ground or automatically by an onboard proximity sensor. Drone Defense The net springs open to 30 feet in diameter.  It traps the drone, causing it to fall to the ground.  Word of this new drone defensive technology has just been released.  For more news stories on important innovations, go to  amazon.com/author/ekane
Read more