Rivian announces $2.5 Bn funding round led by Amazon, Ford

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Rivian has raised $2.5 billion fundraising round led by investors Amazon.com Inc, Ford Motor Co and T. Rowe Price. Amazon's Climate Pledge Fund, Ford, D1 Capital Partners, T. Rowe Price were the key investors in this round. Soros Fund, Fidelity, Blackrock and Abdul Latif Jameel Co. (Saudi Arabia) are some of the strategic investors in Rivian.

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“As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth,” Chief Executive Officer R.J. Scaringe said in the statement.

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