Rivian has closed an investment round of $2.5 billion. Participants in this investment round include Soros Fund Management LLC, Coatue, Fidelity Management and Research Company, and Baron Capital Group. We are grateful for the strong investor support that helps enable us to focus on execution of our products,” said Rivian Founder and CEO RJ Scaringe. No new board seats have been added, and additional details about this investment are not being disclosed at this time. The investment announcement is Rivian’s first in 2020.
Mar 04 2023