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Amazon-backed EV Startup Rivian Raises $2.6 Billion Led By T. Rowe Price

Amazon-backed EV Startup Rivian Raises $2.6 Billion Led By T. Rowe Price

​Rivian, the electric vehicle startup backed by Amazon and Ford Motor Co announced Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price as the company moves closer to production of its R1T fully-electric pickup and companion R1S SUV. The company’s post-money valuation is now over $25 billion as Rivian looks to compete against trucks from Ford Motor Co and General Motors.

Eric Walz2021-01-19 14:05 PT

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Amazon-backed Rivian Close to a $25 Billion Valuation With a New Funding Round

Electric truck startup Rivian Automotive Inc. is close to raising a new round of funding that would value the startup at $25 billion, according to people familiar with the matter. Existing Rivian investors including e-commerce giant Amazon will participate in the latest funding round, which will raise several billion dollars for the electric truck startup.

FutureCar Staff 2021-01-05 17:35 PT

EV Startup Rivian Interested in Building Smaller EVs to Sell in China, Europe

EV Startup Rivian Interested in Building Smaller EVs to Sell in China, Europe

Now that the automaker unveiled the R1T pickup truck and R1S SUV, the electric automaker is looking to expand its lineup with smaller electric vehicles that will be tailored for consumers in Europe and China.

Vineeth Joel Patel2020-11-22 08:00 PT

Rivian R1S, R1T Electric Vehicles Coming June 2021 With a $75,000 Price Tag

Rivian R1S, R1T Electric Vehicles Coming June 2021 With a $75,000 Price Tag

After a long wait, consumers that pre-ordered the first R1S and R1T EVs will have a chance to configure their vehicles on November 16, with deliveries set to begin next June.

Vineeth Joel Patel2020-11-16 06:15 PT

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

Electric Truck Startup Rivian Announces a New $2.5 Billion Investment Round Led By T. Rowe Price

​Michigan-based electric truck startup Rivian is emerging as one of the hottest new electric vehicle startups since Tesla and the company has a big war chest to prove it. The Plymouth, Michigan-based company announced on Friday a new $2.5 billion investment round led by T. Rowe Price.

Eric Walz2020-07-10 09:00 PT

Electric Vehicle Startup Rivian Shares an Update on its Illinois Factory That Was Once Owned by Mitsubishi Motors

Electric Vehicle Startup Rivian Shares an Update on its Illinois Factory That Was Once Owned by Mitsubishi Motors

In the midst of the coronavirus shutdown of the auto industry, Electric vehicle startup Rivian shared a video of the construction progress at its factory in Normal, Illinois. The new factory is where Rivian will build its electric pickup truck and SUV.

Eric Walz2020-04-01 14:15 PT

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Electric Vehicle Startup Rivian Secures $1.3 Billion in New Funding from T. Rowe Price & Others

Today, electric vehicle startup Rivian announced a $1.3 billion funding round led by new investor T Rowe Price. The investment round also included BlackRock Inc. and participation from Rivian’s existing investors. The latest funding is Rivian’s fourth major investment this year.

FutureCar Staff 2019-12-23 13:25 PT

Rivian R1T: What’s Going on With Rivian's New Pricing Plan?

Rivian R1T: What’s Going on With Rivian's New Pricing Plan?

Rivian hints about the pricing of its highly anticipated offerings, the electric R1T pickup truck and R1S three-row SUV.

Manish Kharinta2019-10-08 08:00 PT

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric Truckmaker Rivian Receives $350 Million Investment From Cox Automotive

Electric truckmaker Rivian​ continues to secure major investments this year. The company announced on Tuesday that automotive services company Cox Automotive will make an equity investment of $350 million.

Eric Walz2019-09-10 12:30 PT

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

Electric Adventure Vehicle Maker Rivian Announces a $700 Million Investment Led by Amazon

​Electric truckmaker Rivian soon may become a major player in the electric vehicle space after receiving a $700 million investment led e-commerce giant Amazon. Rivian first revealed its two electric models, the R1T pickup truck and R1S SUV, at the Los Angeles Auto Show this past November.

Eric Walz2019-02-15 12:13 PT