Rivian announced on Friday that it closed a $2.5 billion funding round, led by existing investors Amazon, Ford, T. Rowe Price, Fidelity Investments, and D1 Capital Partners. This round also included participation by Third Point, Dragoneer Investment Group, and Coatue. With that, the company has raised roughly $10.5 billion to date.
We are excited to increase our investment in Rivian as it reaches an inflection point in its commercialization and delivers what we believe will be exceptional products for customers. — Dan Sundheim, Founder, D1 Capital Partners
Steep Climb! #moab pic.twitter.com/1WCpX7czQP
— RJ Scaringe (@RJScaringe) July 23, 2021
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. This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout. — RJ Scaringe, CEO, Rivian
I love these! pic.twitter.com/roAQy4Xff2
— RJ Scaringe (@RJScaringe) July 3, 2021
Rivian is yet to deliver the R1T and the R1S for its customers, however, it has delivered bespoke delivery vans for Amazon.
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