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The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt and Argo preps to launch with Lyft – TechCrunch

The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt and Argo preps to launch with Lyft – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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Rivian closes another $2.5B funding round led by Amazon, Ford & D1 Capital


Rivian closes another $2.5B funding round led by Amazon, Ford & D1 Capital
Rivian announces another funding round of $2.5 billion, which brings a grand total of $10.5 billion funding to date. The private funding was led by Amazon’s Climate Pledge Fund, Ford Motor Company, and D1 Capital partners. Where accounts were advised by T. Rowe Price Associates Inc.
Image credits- Tech Crunch
The second round of investment in 2021 included funding from Dragoneer Investment Group, Fidelity Management, Third Point, and Research and Coatue. As their delivery date is coming up, they are pushing for more. Recently Rivian announced their plan to have another manufacturing plant. Multiple states in the US are known to have submitted bids for the facility, known as “Project Tera”. Rivian’s current manufacturing plant is in Normal, Illinois. ....

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