The American start-up Rivian has raised $1.3 billion in new funding. The company is aiming to be fully electric with the R1T and R1S vehicles on the market in 2012.
The new funding includes Amazon and Ford Motor Company, as well as T. Rowe Price Associates and Black Rock. The company hasn´t shared any other details on the specific funds involved in the investments.
Rivian has made great partnerships since it was founded. For example, 700 million led by Amazon, $500 million from Ford (which includes collaboration on electric vehicle technology), and $350 million from Cox Automotive. The automaker has more presence in the SUV category than Tesla at the moment.