Rivian shares fall after electric startup announces plans to raise $1.3 billion

Electricity truck starting a business

Rivian car

is getting into the switch? Yes, yes, but not the kind of convertible that car buyers think of when they hear the word.

Rivian (code: RIVN) is mobilizing more money. Investors are not too pleased. Monday night, EV maker announced plans to raise about $1.3 billion in green convertible premium bonds that mature in 2029.


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