Rivian said it has raised about $10.5 billion to date.
“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,” Rivian founder and chief executive RJ Scaringe said in a statement today.
The statement said the financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. Rowe Price Associates, Inc. The round included participation by Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue, according to Rivian.
Rivian Closes $2.5B Funding Round
Want more from the best local business newspaper in the country?
Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!