Friday, July 10, 2020

Rivian Snags $2.5 Billion More

Electric truck maker Rivian, which has development offices in Irvine and Carson, California, said this week that it has raised an additional $2.5 billion in funding. The new funding round was led by T. Rowe Price Associates, and also included Soros Fund Management, Fidelity, Baron Capital, and Amazon and BlackRock. Rivian is in the midst of bringing its first vehicles--the RT1 pickup and RS1 SUV--to market. The company also is working with Amazon to deploy its electric vehicles for Amazon delivery vans. More information »