Image: Rivian
Michigan-based EV startup Rivian has announced a massive new $1.3 billion financing round led by T. Rowe Price — one that includes existing investors like Amazon and Ford. It’s the fourth time Rivian has raised money this year, following an Amazon-led $700 million raise in February, a $500 million investment from Ford in April, and $350 million from Cox Automotive in September — despite a market that is shying away from big investments in startups for a number of reasons.
The new money puts Rivian at over $3 billion in total funding since it was founded in 2009, meaning it’s now comfortably ahead of all the other US-based electric vehicle startups that have tried to follow in Tesla’s wake. Add in the commercial partnerships Rivian…
Rivian races ahead of other EV startups with .3 billion in new funding
Source: New feed
