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
