On Friday, the Rivian electric car illuminated a $ 700 million funding round led by Amazon. The announcement is remarkable, not only for the size of the investment, but also because of Amazon's commitment.
The e-commerce giant has made a number of investments in mobility, and electric trucks and SUVs such as the Rivian debuted at the Los Angeles Auto Show in November could help the company further its ambitions in that regard.
Earlier this week, Reuters reported that Amazon and General Motors both expected to invest in Rivian, "in a deal that would appreciate the US electric pickup truck manufacturer between $ 1 billion and $ 2 billion." According to Bloomberg on Friday, Rivian continues In talks with GM, but with the $ 700 million funding round, Michigan-based startups have now increased $ 1.15 billion. GM seems to either invest or otherwise collaborate with Rivian.
CEO of Rivian R.J. Scaringe said the company "will bring on more partners, but less because of the main reasons and more because of a need to have strategic relationships that we scale against our broader vision," by Bloomberg.