[eHauler]

A new round of funding is going on at Rivian that involves several existing investors.

Rivian Automotive Inc., the electric-truck startup backed by Amazon and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.

Several existing Rivian investors are participating in the round, which will raise several billion dollars, the people added, asking not to be identified because the matter is private.

Existing investors in the company include Amazon, T. Rowe Price Group Inc., BlackRock Inc., Soros Fund Management, Coatue, Fidelity Investments and Baron Capital Group.

 

[DSK_SOBU]

I really wish Rivian would reach out to and allow existing reservation holders also participate and invest. After all, part of the value proposition are the reservations and expected sales. Please let us invest.

 

[MilesK]

Rivian announced today they raised another $2.65 billion in funding.

Rivian raises $2.65 billion in new funding round led by...

Rivian continues to rake in investment money. This time they announced that they closed a $2.65 billion investment round led by funds and accounts advised by T. Rowe Price Associate. Since 2019 they have raised $8 billion...

www.rivianownersforum.com

 

[JimmyEV]

Rivian's boost in funding seems to be helping Ford's stock go up as well. Ford's stock has gone up 23% over the past 3 days.

Ford extends 3-day surge to 23% as Rivian's big capital raise boosts the company's electric-car prospects

Ford is also developing an electric version of its popular F-150 pick-up truck and Mustang convertible, dubbed the Mach-E.

markets.businessinsider.com

 

[eHauler]

Rivian's boost in funding seems to be helping Ford's stock go up as well. Ford's stock has gone up 23% over the past 3 days.

Ford extends 3-day surge to 23% as Rivian's big capital raise boosts the company's electric-car prospects

Ford is also developing an electric version of its popular F-150 pick-up truck and Mustang convertible, dubbed the Mach-E.

markets.businessinsider.com

I wonder if Biden's EV announcement helped. If so other stocks should've surged too.