Reuters

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO

While Rivian has yet to sell any significant volume of its electric vans or trucks, a valuation over $50 billion would make it worth about $15 billion less than its backer Ford Motor Co, which makes about 4 million vehicles a year. It could likely be valued higher than Ferrari, but would be smaller than General Motors. Founded in 2009 as Mainstream Motors by R. J. Scaringe, the company changed to Rivian in 2011, a name that is derived from “Indian River” in Florida, a place Scaringe frequented in a rowboat as a youth.

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