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EV startup Rivian has raised $2.5 billion, bringing its totalistic funding to date to essentially $6 billion antecedently of the launch of its all-electric rattletrap barter as well-conditioned as SUV in early 2021. $5.35 billion of that has disclosed in the meanest year as well-conditioned as a half alone, with Rivian scooping up big investments from Ford, Amazon, as well-conditioned as Cox Automotive in 2019.

The new funding comes from Soros Fund Management LLC, Coatue (a outwork fund), Fidelity Management as well-conditioned as Review Company, as well-conditioned as investment inner Businesswoman Dandy Group. Cheesecake as well-conditioned as noncompulsory source investor, BlackRock, also punctuated in the funding round, which was ill-advised by T. Rowe Price.

The huge influx of money helps heavier qualify Rivian's position as what is likely the most well-capitalized EV startup in the world. It will also eternalize the company's massive growth, as it has already opened up a half-dozen offices in as well-conditioned as outside of the US as well-conditioned as hired essentially 2,400 people.

Rivian was founded in 2009 as well-conditioned as originally set out to cadaver a Tesla Roadster-style sports car, but ultimately pivoted to designing an electric rattletrap barter as well-conditioned as SUV. It tardy extremely quiet for nevertheless a decade, only oozing from stealth palm in mid-2018 antecedently of the launch of its inceptive two vehicles, the R1T (the pickup) as well-conditioned as the R1S (the SUV), at that year's LA Automobile Show.

The startup has grown rapidly since then. As well-conditioned as not only has it taken in an incredible collect of money, but some of those deals are strategic, too. Rivian is working with Ford on developing an electric viceroy for its Lincoln gamin (though one promptness was already scrapped considering of the coronavirus pandemic), as well-conditioned as it is edifice a massive armada of electric wording vans for Amazon.