Rivian’s electric car startup attracts another $ 2.5 billion investment

Rivian, an American startup specializing in the development of electric vehicles, successfully conducted another round of financing, receiving another $ 2.5 billion investment. The total investment is about $ 6 billion, with $ 5.35 billion of them received in the past year and a half, writes “itc.ua“.

Note that in February 2019, the startup raised $ 700 million from Amazon, in April an additional $ 500 million from Ford, in September another $ 350 million from Cox Automotive, and in December another $ 1.3 billion from Amazon, Ford and other investors.

The current round was led by Soros Fund Management, Coatue, Fidelity Management and Research Company and Baron Capital Group. It was also attended by existing company investors, including Amazon and BlackRock.

Recall that Rivian was founded by American engineer Ar-Jay Skarinzh in 2009, but its active development began in 2018, when the startup introduced its first two electric vehicles: the Rivian R1T pickup truck and the Rivian R1S SUV. Series production of new products should start in 2021.