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Rivian raises $2.5 billion ahead of launch of electric pickup and SUV - The Verge
Jul 10, 2020 23 secs

EV startup Rivian has raised $2.5 billion, bringing its total funding to date to around $6 billion ahead of the launch of its all-electric pickup truck and SUV in early 2021.

$5.35 billion of that has come in the last year and a half alone, with Rivian scooping up big investments from Ford, Amazon, and Cox Automotive in 2019.

The new funding comes from Soros Fund Management LLC, Coatue (a hedge fund), Fidelity Management and Research Company, and investment firm Baron Capital Group.

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