NEWS COMMENTARY

Another multibillion-dollar funding round adds to Rivian's massive war chest

Published:
January 22, 2021
Coverage:
Owning the Energy Transition More...
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Investment
Very important

Rivian's $2.65 billion funding round comes just six months after the company raised $2.5 billion from mostly the same investors. Rivian is the most well-funded BEV startup at this point, as it has raised a total of roughly $8 billion dollars, include raising more than $2 billion in 2019, 2020, and 2021. 2021 will be a critical year for the organization as it begins delivery of both its passenger vehicles and a delivery vehicle with Amazon. Clients should continue to view Rivian as a leader in the BEV startup space due to its strong funding, partners, and technology platform but also recognize that it won't remain alone in the electric SUV and pickup truck space for long, as competition will intensify in that segment in the coming two years.

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