[St00k]

I'm confused. I've seen posts about Ford and Amazon owning a part of Rivian. And the founder is RJ Scaringe. But does he own Rivian as well?

I know Elon owns Tesla, but the only way he was able to do that was because of PayPal. Did RJ sell something big to finance this new electric truck company?

 

[JimmyEV]

I've been curious about that as well, My guess is that RJ still owns a piece of the company and the rest of the company is divided between Ford, Amazon, and Cox Enterprises.

We were talking about this on another thread: https://www.rivianownersforum.com/threads/rivian-gets-350-million-investment-from-cox-enterprises.155/

If you use a $3.5 billion valuation that was reported by the Wall Street Journal, Amazon owns about 20% ($700 million investment), Ford owns about 14% ($500 million) and Cox owns about 10% ($350 million).

Which leaves about 56% of the company left, which I assume is RJ owns. Unless there are secret investors.

 

[EyeOnRivian]

There are other investors.

Source: https://www.caranddriver.com/news/a27253646/rivian-ford-electric-truck-investment/

The Dearborn money follows $700 million from Amazon in February. In May 2018, Rivian secured $200 million from a London bank to buy and retool the former Mitsubishi plant in Normal, Illinois. Before that, Rivian had raised $450 million from other private investors and companies, including Abdul Latif Jameel, an investment firm that is also the Toyota distributor for Saudi Arabia, and the U.S. arm of Japan's Sumitomo Corporation, a conglomerate of businesses involving metals, aircraft leasing, and railroads.

IIRC I had read RJ had leveraged the contacts he made while at MIT for initial funding.

 

[R99]

There are other investors.

Source: https://www.caranddriver.com/news/a27253646/rivian-ford-electric-truck-investment/

The Dearborn money follows $700 million from Amazon in February. In May 2018, Rivian secured $200 million from a London bank to buy and retool the former Mitsubishi plant in Normal, Illinois. Before that, Rivian had raised $450 million from other private investors and companies, including Abdul Latif Jameel, an investment firm that is also the Toyota distributor for Saudi Arabia, and the U.S. arm of Japan's Sumitomo Corporation, a conglomerate of businesses involving metals, aircraft leasing, and railroads.

IIRC I had read RJ had leveraged the contacts he made while at MIT for initial funding.

Wow, that's a lot of cooks in the kitchen. It's great that they've received so much funding but hopefully it doesn't create problems in the future.