Tesla rival Rivian is raking in a new $350 million investment after big cash infusions from Amazon and Ford

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The electric-vehicle startup Rivian will receive a $350 million investment from the automotive services company Cox Automotive.

The electric-vehicle startup Rivian said on Tuesday that it will receive a $350 million investment from the automotive services company Cox Automotive. The companies will consider opportunities to work together on service, logistics, and digital retail, and Cox Automotive will add a new member to Rivian's board of directors. Founded in 2009, Rivian has now raised over $2 billion from investors including Ford and Amazon.

The electric-vehicle startup Rivian said on Tuesday that it will receive a $350 million investment from the automotive services company Cox Automotive. The companies will consider opportunities to work together on service, logistics, and digital retail, and Cox Automotive will add a new member to Rivian's board of directors. Founded in 2009, Rivian has now raised over $2 billion from investors including Ford and Amazon.

 

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Can't wait until they announce final pricing and we start seeing these on the road!

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Electric Truck Unicorn Rivian, Backed By Amazon And Ford, Lands $350 Million Investment From CoxCox Automotive is investing in the rechargeable truck startup and may partner with it on service, logistics and other business operation How does one justify an idea to Forbes? CoxEnterprises feel free to reach out to us. We’ll also change the landscape of how people live their lives across the country, your investment would only be about half a percent of the number quoted above. And we’re in Atlanta :)
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Electric truck maker Rivian lands $350 million investment from Cox AutomotiveRivian on Tuesday announced automotive services company Cox Automotive will make an equity investment of $350 million in the Plymouth, Mich.-based company.
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Electric Truck Unicorn Rivian, Backed By Amazon And Ford, Lands $350 Million Investment From CoxCox Automotive is investing in the rechargeable truck startup and may partner with it on service, logistics and other business operation How does one justify an idea to Forbes? CoxEnterprises feel free to reach out to us. We’ll also change the landscape of how people live their lives across the country, your investment would only be about half a percent of the number quoted above. And we’re in Atlanta :)
Source: Forbes - 🏆 394. / 53 Read more »

Electric truck maker Rivian lands $350 million investment from Cox AutomotiveRivian on Tuesday announced automotive services company Cox Automotive will make an equity investment of $350 million in the Plymouth, Mich.-based company.
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