Thursday, September 23, 2021
News Amazon Bets $700 Million on the Rivian Truck

Amazon Bets $700 Million on the Rivian Truck

Amazon Inc. is betting big on Rivian Automotive and their fully electric truck.

The electric Rivian truck moved one step closer to becoming a reality thanks to a massive $700 million investment from Amazon Inc. Detroit-based Rivian Automotive announced the investment this morning.

Reports surfaced last week that both GM and Amazon were competing for the chance to invest in Rivian. It seems Amazon came out on top. They are joined in this investment round by ALJ Investments.

General Motors wasn’t included in this round of financing but could get in on the action at some point later down the road. Reuters reported last week that investments from both Amazon and GM could lead Rivian to a $2 billion valuation.

“This investment is an important milestone for Rivian and the shift to sustainable mobility”, Rivian CEO RJ Scaringe said in a press release. The news was first reported by Automotive News.

Rivian R1T
Rivian Truck R1T | Photo: Rivian Automotive

A Fully-Electric Truck With Over 600 Kilometers of Range

Orders are already being taken for the Rivian R1T pickup and R1S sport utility vehicle, Rivian Automotive’s first two electric vehicles which were unveiled at the Los Angeles auto Show.

A $1,000 deposit puts potential buyers on a waiting list for both the R1T and R1S which will begin production in 2020. At current exchange rates, the Rivian R1T truck will start at around $85,000 while the R1S SUV will be about $90,000.

Both the Rivian truck and the Rivian SUV will use the same platform with four independent electric motors, each one powering its own wheel. Total output is rated at 750 horsepower and Rivian claims you’ll get to 100 km/h in about 3.0 seconds.

Range is expected to top 600 kilometers. The R1T truck will have a payload of 800 kg (1,760 pounds) and a towing capacity of 5000 kg (11,000 pounds).


Rivian R1T and R1S Images Gallery

Trending Now

CyberLandr Prototype Unveiled

This is not the first time we have heard of the CyberLandr box intended to be placed in the bed of the future Tesla...

The 1979 Porsche 928 From the Film “Risky Business” Sells for $1.98 million at Auction

This is the “hero car” driven by Tom Cruise in the 1983 film. This same car was sold for under $50,000 in 2011. We...

This Mitsubishi Lancer Evo XI Rendering Gives us Goose Bumps

The final Lancer EVO X was discontinued in 2016. A Lancer EVO is the ultimate performance sedan. The car’s legend runs deep in...

The Chrysler 300 Will Come Back for One More Round in 2022

The Chrysler 300 is a full-size sedan introduced back in 2005 The current generation has been around since 2011 with minimal changes 2022...

Lotus Reveals Emira V6 First Edition Spec and Price

V6 Emira starts from a ton of British Pounds The 400 hp arrives first, four-pot models come later next year Lotus has confirmed the...
Charles Jolicoeur
Charles Jolicoeur was studying to be a CPA when he decided to drop everything and launch a car website in 2012. Don't ask. The journey has been an interesting one, but today he has co-founded and manages 8 websites including EcoloAuto.com and MotorIllustrated.com as General Manager of NetMedia360. He also sits on the board of the Automotive Journalists Association of Canada. Send me an email

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.