Rivian is facing hurdles to ramp up production due to disruptions in its supply chain & this may have raised concerns if the Irvine-based company needs to raise capital. These concerns were confirmed when Rivian announced a drop in its cash position, as the company ended up exhausting cash to fund its increasing operations in 2022 compared to the previous year. The automaker is also constructing a second factory in southern Georgia and aims to start production of a smaller, more affordable vehicle in 2026. This is raising eyebrows about whether the firm will really require additional capital to finance … Continue reading EV Upstart Rivian Plans to Raise Additional Capital as Demand Concerns Arise