Rivian has closed another massive investment round — of $2.65 billion — as the electric truck company best known in freight circles for making the Amazon (NASDAQ: AMZN) custom delivery van gears up for mass production.
The financing, announced on Tuesday, was led by funds and accounts advised by T. Rowe Price Associates Inc., with participation from Fidelity Management and Research Co., Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners.
Rivian has been on a tear since the fall of...
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