Electric Truck Startup Rivian Gets Funding From Amazon

www.oann.com | 11/27/2018 | Staff
boti (Posted by) Level 3
(Reuters) – U.S. electric pickup truck maker Rivian Automotive LLC on Friday announced an equity investment of $700 million, led by Amazon.com Inc.

Reuters reported on Tuesday that Amazon and General Motors Co were in talks to invest in Rivian in a deal that could value the company between $1 billion and $2 billion.

Rivian - Amazon - Valuation

Both Rivian and Amazon declined to comment on the valuation.

The investment comes on the heels of Rivian unveiling its all-electric R1T...
(Excerpt) Read more at: www.oann.com
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