Rivian Gets $700 Million Investment Led By Amazon

Read more on this subject: Business/ Commerce
News Story Source: https://insideevs.com, BY ERIC LOVEDAY
Electric truck and SUV maker Rivian just got an influx of $700 million in funding in an investment round led by none other than Amazon.

Though the investment round was led by Amazon, this doesn't rule out the possibility that General Motors was an investor too, as was previously reported here.

For Rivian, this means that the reality of its R1T electric truck and R1S electric SUV now become a step closer.

In the release on this funding announcement, Rivian CEO RJ Scaring states:

"This investment is an important milestone for Rivian and the shift to sustainable mobility. Beyond simply eliminating compromises that exist around performance, capability and efficiency, we are working to drive innovation across the entire customer experience. Delivering on this vision requires the right partners, and we are excited to have Amazon with us on our journey to create products, technology and experiences that reset expectations of what is possible."

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