Hedge Funds

Rivian Raises $2.5B Ahead Of Launch Of Electric Pickup And Suv

by theverge.com posted 2months ago 21 views
Image: Rivian EV startup Rivian has raised $2.5 billion, bringing its total funding to date to around $6 billion ahead of the launch of its all-electric pickup truck and SUV in early 2021. $5.35 billion of that has come in the last year and a half alone, with Rivian scooping up big investments from Ford, Amazon, and Cox Automotive in 2019. The new funding comes from Soros Fund Management LLC, Coatue (a hedge fund), Fidelity Management and Research Company, and investment firm Baron Capital Group.

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