Former Waymo CFO Gerard Dwyer joins Rivian

Rivian is seen as a entrance-runner in a dense area of EV startups making an attempt to take on incumbent Tesla Inc. The organization has elevated additional than $8 billion from traders which includes Amazon, Ford Motor Co., T Rowe Rate and Fidelity. Previously this year, Rivian hired Claire McDonough from JPMorgan Chase & Co. as CFO. The automaker is eyeing an IPO later this year at a valuation of about $fifty billion or additional, Bloomberg has reported.

Rivian didn’t right away answer to a request for remark outside the house regular company hrs.

Dwyer is a single of a wave of senior departures from Waymo this year. In April, CEO John Krafcik resigned for personalized motives and was changed by co-CEOs Tekedra Mawakana and Dmitri Dolgov. Investor relations main Sherry House still left to be part of EV maker Lucid Motors Inc. as CFO.

Waymo, prolonged viewed as the chief amongst autonomous-driving startups, is trying to find to elevate as considerably as $4 billion from outside the house traders and also considering an IPO, Bloomberg reported very last week, citing people common with the options.

Rivian is on keep track of to start off manufacturing and deliveries of a battery-electrical pickup capable of carrying out additional than three hundred miles on a solitary charge in June, and has an purchase from Amazon for a hundred,000 electrical shipping and delivery vans. The e-commerce big has explained it expects ten,000 of the vans to be on roadways generating deliveries by 2022.