Rivian has closed another funding round, with the electric vehicle company adding a further $2.5 billion to its coffers as it readies its first EV pickup. The new round – which brings Rivian’s total raise to roughly $10.5 billion so far – saw Amazon, Ford, and others increase their stake in the automaker, along with some new names.
At times it has seemed like Rivian was as much about making fresh funding rounds as it was about building electric cars.
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