Rivian announces $1.3 billion funding round led by T. Rowe Price

Rivian has closed an investment round of $1.3 billion. In February, Rivian announced a $700 million funding round led by Amazon. In April, Rivian announced that Ford Motor Company invested $500 million and that the companies would collaborate on a vehicle project utilizing Rivian’s skateboard platform. In September, Cox Automotive announced its $350 million investment in Rivian, complemented by plans to collaborate on logistics and service. About RivianRivian is developing vehicles, technology and services that inspire people to get out and explore the world.