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Rivian, With Operations In Irvine, Raises $700M From Amazon For Electric Pickups

Rivian, a developer of electric powered pickups and SUVs--which has significant operations in Irvine--has raised $700M in a funding round, the company announced Friday morning. The funding was led by Amazon. According to Rivian, its first two vehicles--the R1T and R1S--provide over 400 miles of range, and are expected to be delivered in late 2020. The company is led by founder and CEO RJ Scaringe. Rivian says it has more than 750 employees, and has offices in Plymouth, Michigan; San Jose, California, Irvine, and Surrey, England. More information »