Earlier this month, Gerard Dwyer left his role at self-driving tech startup Waymo without a word about his next move. Now he has announced he has taken his talents to electric vehicle venture Rivian as its new VP of Business Finance.
In his , Dwyer stated, “this is my first week at Rivian Automotive, joining its mission to ‘keep the world adventurous forever’. I’m thrilled to become part of such a talented team as we prepare to launch ground breaking all-electric vehicles for both the consumer and commercial markets.”
Rivian is one of the frontrunners to challenge Tesla’s early-mover lead in the crowded electric vehicle market. The company has distinguished itself by focusing on heavy-duty consumer vehicles like pickup trucks and SUVs.
The company has raised more than $8 billion from big-name backers like Ford, T Rowe Price, Fidelity, and Amazon, which placed an order for 100,000 electric vans to electrify its delivery fleet.
Dwyer is the second major finance hire the company has made in 2021, as in January the company hired Claire McDonough from JPMorgan Chase & Co. to serve as its next CFO. The duo join the company as it is plotting an IPO for later this year at a valuation of around $50 billion.
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