Returning investors Ford and Amazon contributed to a round that boosted the electric vehicle developer's funding to more than $2.8bn in 2019 alone.
US-based electric truck developer Rivian has completed a $1.3bn financing round that included automotive manufacturer Ford Motor Company and e-commerce, cloud computing and home device group Amazon.
Funds and accounts advised by asset management firm T.Rowe Price led the round, which also featured funds managed by BlackRock.
Founded in 2009, Rivian is developing an all-electric sports utility vehicle (SUV) and pick-up truck, each of which are expected to come to market in late 2020. It will produce the vehicles at…
