EV Maker Rivian Hits The Ground Running With $700 Million Investment From Amazon

Electric truck and SUV maker Rivian just got an influx of $700 million in funding in an investment round led by none other than Amazon.

Though the investment round was led by Amazon, this doesn’t rule out the possibility that General Motors was an investor too, as was previously reported here.

For Rivian, this means that the reality of its R1T electric truck and R1S electric SUV now become a step closer.

In the release on this funding announcement, Rivian CEO RJ Scaring states:

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runninglogan1 - 2/15/2019 6:12:10 PM

+1 Boost

If they blow up like some are predicting, now is the perfect time to jump in.

Mercedes got in early on Tesla and turned their $50 million investment into $700 million.

SanJoseDriver - 2/15/2019 8:40:51 PM

0 Boost

There is a lot of synergy between electric cars and online shopping as well. If you don't need as much maintenance, the need for traditional dealers and stores drops considerably. People are able to do their own research online and purchase and then "return" the cars if they aren't happy. It isn't for everyone but I see that model growing over the next 5-10 years.

MDarringer - 2/15/2019 10:08:32 PM

+1 Boost

Rivian has been close to production before and went "poof". If that happens, then Amazon gets a tax cutting loss on its investment.

ricks0me - 2/15/2019 10:50:26 PM

+2 Boost

Bezos needs to piss his $$$ away instead of giving it to his ex or next

qwertyfla1 - 2/16/2019 6:55:38 AM

+1 Boost

Do Prime members get free delivery?