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CommodoreAmiga

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timesinks

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how can us average joe's (or whatever your name is) get in on these funding rounds?
For these purposes, the average joe would be anyone who isn't an accredited investor (prior 2 years of income > $200k individual as an individual or $300k combined with spouse or net worth > $1M excluding the primary residence). There's plenty of debate around whether the policy is effective, but the goal is to protect investors who may not be able to afford huge losses on risky investments. Registering your security with the SEC (going public), becoming subject to certain accounting, regulatory, and disclosure requirements, and being able to accept investments from the average joe all go hand in hand.

Now a fair number of people who are considering spending $80-90k on a vehicle would probably qualify as accredited investors. They just need to find a way to get some capital into the relevant hedge funds...
 

kanundrum

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https://techcrunch.com/2021/07/23/rivian-raises-another-2-5b-pushing-its-ev-war-chest-up-to-10-5b/

Rivian raises another $2.5B, pushing its EV war chest up to $10.5B

Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc.

Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue also participated in the round, according to Rivian.

“As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth,” Rivian CEO RJ Scaringe said in a statement.“ This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout.”
 

SeaGeo

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I was chatting with our CFO the other day, and he was opining on the strategy of some public firms in our industry that buy private firms. He had commented that because of the way valuation tends to work that even if they do a terrible job with the acquisition, they are almost guaranteed to increase their overall value because of the P/E ratio that private vs public firms have. Which hit me square in the face with the investments here valuing the private company at 27.5B, but with a rumored IPO of near 70B.
 

Canthoney

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https://techcrunch.com/2021/07/23/rivian-raises-another-2-5b-pushing-its-ev-war-chest-up-to-10-5b/

Rivian raises another $2.5B, pushing its EV war chest up to $10.5B

Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc.

Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue also participated in the round, according to Rivian.

“As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth,” Rivian CEO RJ Scaringe said in a statement.“ This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout.”
If I have learned one thing it’s that starting a car company is extremely expensive. Gives me confidence that these companies are going back for more funding rounds though. But no wonder James Dyson dropped out: https://robbreport.com/motors/cars/james-dyson-failed-electric-car-2922217/
 

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electruck

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So now over $10 billion in funds raised before delivering a single consumer vehicle. RJ’s PowerPoint skills must be on point ;)
He definitely seems to have the Midas touch.
 

Gshenderson

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So now over $10 billion in funds raised before delivering a single consumer vehicle. RJ’s PowerPoint skills must be on point ;)
Money begets money. In this type of business, it’s all about betting on whether they can keep raising more money until they starting generating revenue. Having name brand investors who keep doubling down is key. Tesla was literally days away from running out of money back in 2012. It could have easily gone bad for them fast if they had not scraped up some more cash to tide them over until they started delivery. It seriously looked like that wasn’t going to happen for a tense but short period of time.
 

AdamsFan1983

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Personally I think PENNSYLVANIA would be a great location for them to site a new facility. Pittsburgh provides a great pipeline for engineering/computer sciences these days between UPITT/CMU/Duquesne and Carnegie Mellon has always been an academic leader in automated driving.

Obviously a large blue collar population to tap as well near Pittsburgh, with a robust and convenient rail infrastructure (that is no longer moving steel) to access to east coast ports in New York/Philly to say nothing of highway proximity to NYC, Philly, DC, Baltimore metro areas.

State and local governments here would roll out the red carpet for them in terms of tax incentive packages and would basically guarantee them the political clout they need to convince the first of many ignorant rust belt legislatures to stop protecting the OEM dealer network.
 
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bigdogrod

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just tell me when and where to invest...
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