Rivian adds $1.3B in funding for its electric utility and adventure vehicle

Rivian adds $1.3B in funding for its electric utility and adventure vehicle

Michigan-based EV startup Rivian has raised $1.3 billion in new funding. The new investment is the fourth round of capital announced by the company in 2019 alone. The new money puts Rivian at over $3 billion in total funding since it was founded in 2009, meaning it’s now comfortably ahead of all the other US-based electric vehicle startups that have tried to follow in Tesla’s wake.

Sandra
Sandra
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