RIVN
Rivian raises more funds as valuation approaches $28B
- Rivian Automotive (RIVN) closes on a new investment funding round of
$2.65B, led by funds and accounts advised by T. Rowe Price Associates.
- The new round also included Fidelity Management and Research Company,
Amazon's Climate Pledge Fund, Coatue, D1 Capital Partners as well other
new
and existing investors.
- Sources indicate the electric vehicle company is now valued at about
$27.6B before it has even produced a car for the public vs. the $39B cap
for Ford.
- Ford (NYSE:F) is an early investor in Rivian.
- Looking ahead, Rivian's R1T and Tesla's Cybertruck are expected to make
a splash in the pickup market.
|Today, 11:10 AM|27 Comments
Rivian raises more funds as valuation approaches $28B
- Rivian Automotive (RIVN) closes on a new investment funding round of
$2.65B, led by funds and accounts advised by T. Rowe Price Associates.
- The new round also included Fidelity Management and Research Company,
Amazon's Climate Pledge Fund, Coatue, D1 Capital Partners as well other
new
and existing investors.
- Sources indicate the electric vehicle company is now valued at about
$27.6B before it has even produced a car for the public vs. the $39B cap
for Ford.
- Ford (NYSE:F) is an early investor in Rivian.
- Looking ahead, Rivian's R1T and Tesla's Cybertruck are expected to make
a splash in the pickup market.
|Today, 11:10 AM|27 Comments
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