The start – up of electric vehicles Rivian has closed this week ua round of investment of 1,300 million dollars ($1.170 billion euros), led by the fund manager T. Rowe Price, but that also included investors from the likes of Amazon and car manufacturer Ford.
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The investment round, which also included the background BlackRock is the fourth this year for Rivian and positions the company with headquarters in Plymouth, Michigan, as one of the firms with greater financing in the crowded market of manufacture of electric vehicles, dominated by Tesla. “This investment demonstrates confidence in our team, products, technology and strategy,” said president and ceo of Rivian, RJ Scaringe, in a press release.
electric vehicles still represent only a small part of the automotive market overall. While Tesla is the manufacturer of well-known, China and Europe are pressing the automakers to implement this type of vehicles, and firms like Ford or General Motors have announced plans to spend tens of millions of dollars in the development of the cars.
Founded in 2009, Rivian plans to manufacture a pickup truck (pick-ups) fully electric, the R1T, and the SUV R1S from the end of 2020. Both models include a chassis designed by Rivian which includes electric motor, batteries and controls and can accommodate a variety of body styles.
In February, has already announced an investment round of $ 700 million (620 million euros) led by Amazon, while just two months after Ford invested 500 million dollars (450 million euros) in the company for the joint development of a new electric vehicle. For his part, Cox Automotive also put the other $ 350 million (315 million euros) in September to move forward in the areas of logistics and services. In total, the us firm has captured 2.850 million dollars ($2.570 million euros) this year.
100.000 vans for Amazon
in Addition, the giant of the distribution, led by Jeff Bezos also has commissioned a 100,000-vans electrical Rivian to obtain a fleet distribution of zero emissions. Plans to have 10,000 of its new electric vehicles circulating on the roads by 2022 and 100% by 2030, saving four million tonnes of carbon per year. According to the website of investment PitchBook, the valoraicón of the firm rises of between 5,000 and 7,000 millions of dollars
T. Rowe Price has made other bets in the automotive sector. Is a big shareholder of Tesla and has also invested in the driving division autonomous Cruise GM, and invested along with Amazon, in the start-up of software for auto self employed Aurora, and the british company of delivery of food in line Deliveroo.
