Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others

- Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round, led by fund manager T. Rowe Price but also including existing investors online retailer Amazon.com Inc and No. 2 U.S. automaker Ford Motor Co.

Electric vehicles still make up only a small piece of the global automotive market. While Tesla is the best-known maker, China and Europe are pushing automakers to roll out EVs, and Ford, General Motors Co and others have announced plans to spend billions of dollars developing the vehicles. T. Rowe Price has placed other bets in the auto sector. It is a large Tesla shareholder and also has invested in GM’s majority-owned Cruise self-driving division. T. Rowe Price also invested, along with Amazon, in self-driving car software startup Aurora and British online food delivery company Deliveroo.

You pay $1000 (refundable, but still) to register for a pre-order, and I guarantee the truck will cost over $100k. Hardest of passes passed.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Andrew Lloyd Webber became a billionaire off 'Cats,' 'Phantom of the Opera' - Business InsiderLloyd Webber's biggest hit musical, 'The Phantom of the Opera,' has made over $6 billion worldwide. 'Cats,' meanwhile, has made $1.3 billion. Andrew Lloyd Webber is an out-of-this-world genius with a second-to-none creativity. I’ve watched the plays several times and listen to his music EVERYDAY! REMARKABLE!
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »