Rivian Automotive LLC got a nice plug when its R1S sport utility vehicle was used to transport the Blue Origin LLC crew to the launchpad last month.
It makes sense the Irvine-based electric vehicle maker’s SUV was used to shuttle the crew given its ties to Amazon; Washington-based Blue Origin founder Jeff Bezos’ Amazon owns more than a 10% stake in the automaker, according to legal documents. Amazon also has an order for 100,000 electric delivery vans from Rivian.
The roughly 30-second clip of the R1S taking the crew to the launchpad and then boarding the spacecraft was viewed nearly 250,000 times on Blue Origin’s Twitter.
Not that Rivian needed the press.
Late last month the company raised $2.5 billion in a round led by the Amazon Climate Pledge Fund, D1 Capital Partners, Ford Motor Co. (another with at least a 10% stake in the company) and T. Rowe Price Associates Inc. The company has now raised $10.5 billion since 2019.
“As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth,” founder and CEO RJ Scaringe said in a statement.
“This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint and fuel international product rollout.”
Rivian is reportedly looking for a second production site to join the 3.3 million square feet it has in Normal, Ill. The Atlanta Journal-Constitution reported Georgia is one such state looking to woo Rivian.