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Rivian: Raises $2.5B as it pushes to bring its electric RT1 pickup

Rivian: Raises $2.5B as it pushes to bring its electric RT1 pickup

  • New investors Soros Fund Management LLC, Coatue, Fidelity Management and Research Company and Baron Capital Group also participated
  • Existing shareholders Amazon and funds managed by BlackRock also joined the round
  • The round follows an active 2019 for the company that brought in $2.85 billion in funds through a series of investments
  • Rivian essentially hit that same mark in one fell swoop this time around
  • Rivian announced in February 2019 a $700 million funding round led by Amazon
  • The company also announced in 2019 was developing an electric delivery van for Amazon using its skateboard platform
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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