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Discussion Starter · #1 ·
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.


Rivian, the electric vehicle start-up backed by Amazon and Ford Motor, on Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price funds as the company moves closer to production of an all-electric pickup and SUV.

The company has raised about about $8 billion since 2019. Rivian closed on a $2.5 billion investment round last year, also led by T. Rowe Price; a $1.3 billion funding round in December 2019; and had raised at least $1.5 billion before that.

Other participants in the round included Fidelity, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other existing and new investors, according to the company.

Rivian is expected to be among the first, if not the first, to bring an all-electric pickup to market later this year.
 

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"The company has raised about $8 billion since 2019."

I like this momentum and bet we'll see another round as Rivian hits another milestone to warrant it.
 

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"The company has raised about $8 billion since 2019."

I like this momentum and bet we'll see another round as Rivian hits another milestone to warrant it.
For sure, this won't be the last round of investing. There'll probably be at least one more before deliveries begin.
 
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