T. Rowe Price leads $2.5 billion investment round into EV startup Rivian

The funding comes as the company continues to renovate a former Mitsubishi plant in Normal, Illinoisto produce its vehicles as well as a line of EV vans, which AmazonIn June, CNBC obtained correspondence regarding a funding round for Rivian, saying the company was raising at least $2 billion with a pre-money valuation at or above $8 billion. At the time, Rivian denied they were raising money.

"We often receive unsolicited investment offers from institutions and individual investors," Amy Mast, public relations director at Rivian, said in a June 9 email. "We have heard this rumor ourselves - it is categorically false. Publishing this would be spreading a rumor that is simply not true."More recently, CEO and founder Robert "R.J.

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Tesla rival Rivian adds $2.5 billion investment led by T. Rowe PriceElectric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price , Rivian said Friday. that logo looks like renault though Still haven’t seen a car off the production line though.....
Source: Reuters - 🏆 2. / 97 Read more »

Tesla rival Rivian adds $2.5 billion investment led by T. Rowe PriceElectric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price , Rivian said Friday. that logo looks like renault though Still haven’t seen a car off the production line though.....
Source: Reuters - 🏆 2. / 97 Read more »