Rivian raisese another $2.5B, pushing its EV war chest up to $10.5B
23 Jul 2021
News
Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc.
Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue also participated in the round, according to Rivian.
“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,” Rivian CEO RJ Scaringe said in a statement. “This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout.”
More Topics
You’ve probably heard about the worldwide impact of UCI’s scientific research, technological innovations and successful startups. But UCI’s positive impact on our local community – as a wellspring of jobs, entrepreneurial investment and billions in economic growth – is really something to talk about.
Most who live near a...
California Competes Tax Credit
Jul 23 20211,121 Businesses Awarded
133K Full-Time Jobs Committed
California Competes Tax Credit
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over...
Register for Ophthalmology Tech Summit 2022!
Join industry, key opinion leaders, and top ophthalmologists who are determining the future of the field at Octane’s Ophthalmology Technology Summit. The event is held annually in Orange County, the center for Ophthalmology in the US.
Ophthalmology Tech Summit 2022 is June...