Tag: Electric-Vehicle Startups


Lucid, Rivian Each Awarded CEOs More Than $400 Million Last Year

June 8, 2022

Via: The Wall Street Journal

The chief executives of electric-vehicle startups Lucid LCID -0.99%▼ Group Inc. and Rivian RIVN 2.55%▲ Automotive Inc. each received pay packages last year valued at over $400 million, as both companies raced to public markets and increased production in the […]

Industry Focus Areas, Motorized Vehicle

EV Startups Lose More Than $40 Billion After Taking SPAC Route Public

May 14, 2021

Via: Transport Topics

At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal. Three of the companies plumbed new lows this week as short-seller attacks, […]

Industry Focus Areas, Motorized Vehicle

Electric-Vehicle Startups Promise Record-Setting Revenue Growth

March 15, 2021

Via: The Wall Street Journal

It took Google eight years to reach $10 billion in sales, the fastest ever for a U.S. startup. In the current SPAC frenzy, a spate of electric-vehicle companies planning listings are vowing to beat its record—in some cases by several […]