Automotives

Amazon and its partners invest $ 700 million in electric car manufacturer Rivian

The company introduced the first cars at the end of 2018.

  • American Rivian appeared in 2009. Initially, it was called Mainstream Motors and changed its name by 2011. Now the company employs more than 600 people in four factories in the USA and in an office in London, it is engaged in the development of not only machines, but also systems for the operation of drones.
  • Amazon, which has become the leader in the round of investments, said they are happy to support such an innovative project with impressive projects and technologies. Rivian will remain independent, and in addition to Amazon, the current co-owners of the company have invested in the project. Other details of the transaction were not disclosed.
  • According to Reuters, Rivian also planned to invest in General Motors.
  • The first public presentation of Rivian was held in November 2018. The company showed two electric vehicles: the R1T pickup truck and the R1S crossover. Deliveries of cars first to customers are expected at the end of 2020.
R1T
R1S

Amazon leads $ 700M round in electric automaker …Rivian, the electric automaker that debut its first two vehicles just three months ago, has raised …¬†TECHCRUNCH.COM

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