The electric truck developer has closed a round co-led by Amazon and Ford Motor Company, pushing its overall funding past the $10bn mark.
E-commerce group Amazon’s Climate Pledge Fund and automotive manufacturer Ford Motor Company co-led a $2.5bn funding round for US-based electric truck developer Rivian on Friday.
The round was also co-led with investment firm D1 Capital Partners and funds and accounts advised by T Rowe Price, and included Third Point, Fidelity, Dragoneer Investment Group and Coatue Management.
FoRivian is about to begin production on a range of electric trucks that will include an electric pick-up truck dubbed the R1T as well…
