Rivian IPO filing reveals 48K preorders and its factory’s production capacity

Electric truck startupĀ Rivian filed paperwork for an IPO on Friday that finally revealed how many reservations it has for its R1T pickup and R1S SUV. According to theĀ Amazon-backed company’s S-1…

it had received approximately 48,390 preorders as of Sept. 30, each requiring a refundable $1,000 deposit.

Production of the $67,500 R1T began in September and at the automaker’s Normal, Illinois, factory where the $70,000 R1S will enter production later this year.

Rivan also builds an electric delivery van for Amazon, referred to as the EDV, at the plant and has an contract to delivery 100,000 of them to the retail giant by 2025.

The filing disclosed that the factory is currently configured with the capacity to manufacture up to 150,000 vehicles annually, but that Rivian plans to expand that to 200,000 by 2023 and expects to add additional domestic output as it adds models in future years.

Rivian, which is largely pre-revenue, disclosed that it lost…

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