Rivian: Raises $1.3 Billion in Funding
- Rivian, a Plymouth, Mich.-based electric car maker, closed an investment round of $1.3B
- The new investment is the fourth round of capital announced by the company in 2019 alone
- The funds also generated from Rivian’s fourth major investment this year boost the total raised to $2.85 billion
- Then the investment earmarked for Rivian came from certain mutual funds and other accounts advised by T. Rowe
- Rivian’s new monster round also includes participation from Amazon and Ford Motor Company
- Introduction to other global geographies will start in 2021
