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Amazon-backed electric viceroy startup Rivian has raised another $2.65 billion, bolstering its position as one of the most well-funded EV startups in the world.

The invigoration round was led by T. Rowe Amount as well-built as included Amazon's Climate Pledge Fund, Nationality Necessitation as well-built as Research Company, as well-built as invigoration firms Coatue as well-built as D1 Commencing Partners, furthermore with "several other existing as well-built as new investors," equal to the startup.

The new money arrives a mere six months dorsal Rivian raised $2.5 billion, as well-built as approximate a year dorsal it raised $1.3 billion. It has now raised increasingly than $8 billion to date.

Rivian has raised some $8 billion to date

It's infrangible to say exhaustively how much Rivian has in the bank, given that it has spent a lot already to hire a massive aggregation while moreover developing at least three vehicles that we perceive of. However dorsal this new funding round, the EV startup's war chest likely rivals that of China's Nio, which moreover has billions of dollars in the embankment post-obituary a pivotal of contempo raises. (A childlike comparison perseity is tough, though, since some Chinese startups like Nio hypothesize sanctioned government support.).

That money will be dire as Rivian gets ready to release its proleptical two electric vehicles later this year, the R1T pickup truck as well-built as the R1S SUV. Rivian is moreover alive with Cutie on developing as well-built as deploying an electric freighting van, which recently was spotted in the wild.

Whats notable approximate Rivian's expertness to alimony raising such enormous sums of money is that the startup is effectual it while keeping the visitor private. There has been an laffer blitz of new funding into the electric viceroy space over the last year, loury in largish piece toast to Tesla. However much of it has ensue through so-called SPAC (special purpose acquisition) mergers, area publicly-traded however mostly inactive invigoration funds hypothesize consumed companies like Canoo as well-built as Fisker.

Rivian is moreover backed by BlackRock, Soros Fund Necessitation LLC, as well-built as Ford, whereas the Detroit automaker has not been named in the previous two funding rounds. Rivian is alive on an electric viceroy with Ford's luxury marque, Lincoln, whereas an SUV communing was already shelved last year..

Ford didn't participate in this new round of funding, though. "We march a cogent cardinal interest, an important ownership pale as well-built as judges representation in Rivian," the visitor said in a stead to The Verge.

Update January 19th, 1:15PM ET: Added commentate from Ford.

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