Electric pickups. Rivian: 2.5 billion in funding raised


Investors include Soros Fund Management, owned by the Hungarian tycoon George Soros, the BlackRock fund and Amazon

Rivian received 2.5 billion dollars (2.2 billion euros) from several investors interested in the project. The transaction was conducted by T. Rowe Price and Soros Fund Management owned by the Hungarian-born billionaire George Soros is among the supporters. The electric car maker has already obtained capital from other major financial companies, such as the BlackRock fund and the giant of online sales Amazon.

Investments for $ 6 billion

Last year, Rivian accumulated $ 2.85 billion from companies such as Amazon, Cox Automotive, T-Rowe Price Associates, BlackRock and Ford. The company’s goal is to launch the first zero-emission pickup on the American market, well in advance of the competition. An ambitious commercial move, given the interest that this type of bodywork arouses among motorists in the US. The debut of the R1T model should take place in mid 2021, beating Tesla’s cybertruck over time. The car is expected to be produced in the Illinois plant purchased by Mitsubishi and refurbished with the new assembly lines.

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