Electric car maker Rivian is sitting on another $1.3 billion, after closing a new funding round with existing backers Amazon, Ford, and others upping their investments. The automaker broke cover in 2018, revealing both an electric pickup truck, the Rivian R1T, and a seven-seater SUV, the Rivian R1S, as the first models to use its flexible modular architecture.
…
Read full post here:
https://www.slashgear.com/rivian-raises-new-1-3bn-as-amazon-ford-bump-stake-in-tesla-rival-23604164/