Amazon-backed Tesla rival Rivian picks up $2.5bn in single round
Rivian, an electric truck-making startup backed by Amazon and Ford, has raised $2.5bn in a fresh funding round led by T. Rowe Price.....MORE
The new round takes the total investment in Rivian to at least $6bn, including a $1.3bn round in December also led by T. Rowe Price.
Rivian’s latest funding round was supported by Soros Fund Management, Coatue Management, Fidelity Management and Research, and Baron Capital Group. Amazon and Blackrock also participated.
Rivian said it was raising the funds to boost its war chest as part of its aim to be the first manufacturer to bring an electric pickup truck to market.
The tech firm revealed last year it was developing an electric delivery van for Amazon using its skateboard platform. Amazon has ordered 100,000 of these vans, with deliveries set to begin in 2021....
There was another one July 2:
The World Cried Out For Another Electric Pickup Truck Company" (WKHS)
