Rivian

Electric truck maker Rivian secures $2.5B in new financing

General Motors electric van
  • Electric truck and SUV maker Rivian has secured $2.5 billion in new financing
  • Analysts: “The days of Tesla’s virtually unchallenged dominance may be numbered.”
  • Amazon has ordered 100,000 Rivian electric delivery vans

Rivian has secured $2.5 billion in new financing, the electric truck maker announced on Friday, July 10.

T. Rowe Price Associates, a previous investor, led the investment round, with participation from the Soros Fund Management LLC, Coatue, Fidelity Management and Research...

https://www.freightwaves.com/news/rivian-secures-25b-in-new-financing

The Daily Dash: More states consider electric-truck mandates; stay safe and ignore HOS; why electric?

Freightliner eCascadia

The Daily Dash is a quick look at what is happening today in the freight ecosystem. In this edition, California is mandating electric-truck sales, and some other states may follow suit. Plus, drivers facing life-or-death situations shouldn’t worry about hours-of-service violations and why are investors so interested in electric-truck makers? 

As California goes, so goes the nation

When California announced the world’s first electric-truck sales mandate, it garnered headlines and its fair share of...

https://s29755.pcdn.co/news/the-daily-dash-more-states-consider-electric-truck-mandates-stay-safe-and-ignore-hos-why-electric

Nikola begins Badger electric pickup marketing push

Nikola Badger electric pickup

Let the marketing begin.

Nikola Corp. (NASDAQ: NKLA) likely won’t have its Badger battery-electric pickup with a fuel cell range extender for sale until 2022. But it began taking orders Monday, offering to match $5,000 deposits and guaranteeing an invitation to a reveal party in December.

With a truck giveaway, Nikola is sweetening the pitch used by and rival Tesla (NASDAQ: TSLA). The industry-leading electric car maker took deposits on hundreds of thousands of its Model 3 sedans during the...

https://s29755.pcdn.co/news/nikola-begins-badger-electric-pickup-marketing-push

Lordstown Motors says first-year electric pickup build is sold out

Lordstown Motors sign

A commercial fleet-focused electric pickup from Lordstown Motors Corp. (LMC) is sold out for its first year – if the startup secures the $450 million needed to retool a former General Motors (NYSE: GM) car plant to make full-size trucks.

LMC revealed a prototype of its Endurance on Thursday with Vice President Mike Pence and U.S. Secretary of EnergyDan Brouillette in attendance.

“I really think this is a pickup truck 2.0,” CEO Steve Burns told FreightWaves in a June 23 interview. “We think we’ve...

https://s29755.pcdn.co/news/lordstown-motors-says-first-year-electric-pickup-build-is-sold-out

Report: GM starting electric delivery van program

General Motors electric van


General Motors Co. is planning an electric delivery van, adding to the list of carmakers and startups planning vehicles for the last-mile delivery segment, according to a Reuters report.

The GM electric van is code-named BV1, the report stated, and is due to go into production in late 2021 at the automaker’s Detroit-Hamtramck factory.

GM spokesman Stuart Fowle said the company is not confirming the news. The automaker has said previously that it will build several other electric vehicles at the...

https://www.freightwaves.com/news/report-gm-starting-electric-delivery-van-program

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