Electric truck maker Rivian secures $2.5B in new financing

General Motors electric van
  • Electric truck and SUV maker Rivian has secured $2.5 billion in new financing
  • Analysts: “The days of Tesla’s virtually unchallenged dominance may be numbered.”
  • Amazon has ordered 100,000 Rivian electric delivery vans

Rivian has secured $2.5 billion in new financing, the electric truck maker announced on Friday, July 10.

T. Rowe Price Associates, a previous investor, led the investment round, with participation from the Soros Fund Management LLC, Coatue, Fidelity Management and Research...

https://www.freightwaves.com/news/rivian-secures-25b-in-new-financing

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