Amazon, Ford, … Invest billions in Rivian Motors

Amazon, Ford, ... Invest billions in Rivian Motors-billions

The electric car startup Rivian is already considered one of the best financed start-ups in the e-mobility scene. In mid-January 2021, the start-up could bring his first round of financing in 2021 over the stage. Straight Six months later, Rivian completed the next round of $ 2.5 billion to US dollars. As in the past, the Round of Amazon‘s Climate Pledge Fund, D1 Capital Partners, the Ford Motor Company, and funds and accounts,. Rowe Price Associates, Inc.

In addition, this round Third Point, Fidelity Management and Research Company, Dragone Investment Group and Coatue participated. Rivian CEO RJ Scaringe expressed as follows on the last round of financing: “Since we approach the start of vehicle production, it is important that we continue to look forward and drive the next growth phase of Rivian. This financial syringe of trusted partners enables Rivian to scale new vehicle programs, expand our domestic factory area and promote international product launch.”

Pages of D1 Capital Partners gave their founders Dan Sundheim to understand that you are looking forward to increasing the investment in Rivian. “We are pleased to increase our investment in Rivian, as the company reaches a turning point in its commercialization and that delivers that we believe that it will be extraordinary products for customers,” says Dan Sundheim conclusively.

We remember the previous investment rounds: In February 2019, Rivian announced a financing round of $ 700 million, which was stated by Amazon. In April of the same year, Rivian announced that the Ford Motor Company has invested $ 500 million and that companies will work together on a vehicle project using Rivian’s skateboard platform. In September, Cox Automotive announced its 350 million dollar investment in Rivian, complemented by plans to cooperate in the areas of logistics and service. In December, Rivian castled an investment round of 1.3 billion dollars. Then in July 2020 the conclusion of another investment round of 2.5 billion dollars, followed by the last round in mid-January 2021.

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