Rivian today showed that people will come even before you build it.
It trumps Uber which raised $8.1 billion in 2019.
Pretty good for a company with almost no revenue from actual vehicle sales.
By 2025, Amazon will own 100,000 EDVs, with 10,000 to be purchased by the end of 2022.
Entering a dominant market:How does Rivian stack up against its two main rivals?
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But the F-150 is over $20k cheaper than Rivian.
So far, the F-150 has secured 120,000 reservations.
This is despite a previously exclusive deal with Amazon for van manufacturing.
Manufacturing is slow can they keep up with demand?
The company plans to ramp up to 200,000 vehicles by 2023.
The securities filing also revealed that Amazon holds a 20% stake in Rivian Automotive.
The behemoth has more than $1.3 billion in Rivian to date.
Its likely theyll honor these orders first.
Can Rivian stand up against the brand that is Elon Musk?
As a result, they have a long line of loyal customers who trust their product.
Rivian hasnt got a celebrity CEO.
But todays news shows a firm commitment to electric vehicle manufacturing.
Its a bonus for sustainable mobility.
Story byCate Lawrence
Cate Lawrence is an Australian tech journo living in Berlin.
