Hyperdrive
EV Maker Rivian Raises $2.5 Billion in New Funding Round
This article is for subscribers only.
Rivian Automotive Inc., the electric-truck startup already backed by Amazon.com Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc.
Other investors in the funding round include Soros Fund Management, Coatue, Fidelity Management & Research Co. and Baron Capital Group, according to a statement Friday. Amazon also participated.