Rivian adds $1.3 billion in funding for its electric utility and adventure vehicles

The new investment is the fourth round of capital announced by the company in 2019 alone, following prior announcements of $700 million from Amazon, $500 million from Ford (which includes a collaboration on electric vehicle technology) and $350 million from Cox Automotive.

Both of those are consumer cars, which the company aims to bring to market starting at the end of next year – and Rivian is also working with Amazon on all-electric delivery vans, of which the commerce giant has ordered 100,000 with a target of starting deliveries of the first of those in 2021.

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