Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. “As part of this, we are excited to work with Cox Automotive in delivering a consistent customer experience across our various touchpoints. “With the electrification of vehicles set to play a significant role in the new mobility future, this partnership opens another channel of discovery and learning for Cox Automotive,” said Joe George, president of Cox Automotive Mobility Group. Rivian will remain an independent company, and Cox Automotive will add a representative to Rivian’s board. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion.
Feb 07 2023