Amazon-backed Rivian has raised $2.65B as it prepares to make the first deliveries of its all-electric pickup truck, SUV, and delivery van later this year. Amazon’s Climate Pledge Fund was among the investors, according to TechCrunch.
- Since 2019, Rivian has raised $8B from Amazon, Ford, BlackRock, and other investors, making it the most well-funded U.S. automotive startup ever.
- Amazon has ordered 100,000 electric delivery vans from the company, which it will fulfill over several years. It plans to begin the first deliveries of the vans in late 2021.
- Rivian also plans to start early model deliveries of its consumer electric vehicles, the R1S SUV and R1T pickup, this summer.
- The support of investors will help Rivian focus on the deliveries and scale the business for its next stage of growth, Rivian founder and CEO RJ Scaringe said.