Saturday, January 28, 2023
News EV Startup Rivian Pockets Another $2.65 Billion In Investments

EV Startup Rivian Pockets Another $2.65 Billion In Investments

The constant rounds of investments is allowing Rivian to plan for its growth as they prepare to officially launch their anticipated trucks


  • The company is now valued at nearly $28 billion.

  • The R1S and R1T should begin rolling off the assembly line this year.


Rivian is in an impossibly enviable position. Despite not having yet assembled a full production-ready unit, the Southern-California based EV start-up continues to rake in considerable funds. As we know, the company is backed by the likes of Amazon and Ford, and the hype surrounding their electric trucks is at a boil.

Rivian opened up pre-orders for the R1S SUV and R1T pickup last November. They also announced that they will build a charging network off the beaten path, aimed directly at their target audience. The combination of their battery technology, electric motors, design, and plans make them a shoo-in for investors. What’s more, the well-known Amazon order for 100,000 electric delivery vans certainly indicates that profit margins should be strong. And, that other companies might be interested in the product.

Rivian Will Build A Charging Network Off The Beaten Path

Rivian plans to begin delivering new R1Ts as of June while the R1S will roll off the assembly line come August. The latest round of investments, according to Financial World, allows Rivian to focus on these products and plan for their inevitable growth.

Rivian R1T | Photo: Rivian

Launch Green Rivian R1T | Photo: Rivian

Amazon Rivian Van | Photo: Amazon

Trending Now

Hyundai Set to Debut Two Spectacular Concepts at the 2023 Canadian International Auto Show

The Hyundai N Vision 74 is the coolest concept in a while. The 2023 CIAS will mark the RN22e’s global auto show debut. ...

Tesla Cybertruck Production Delayed, Now Expected in 2024

Elon Musk says the first units will be built this summer, with full-scale production next year. The specifications and price of the electric...

BMW will Start Testing Solid-State Batteries this year

Many companies believe that solid-state batteries will be a very important development in the EV industry. BMW signed an agreement with Solid Power...

2023 Honda Accord From $37k in Canada

Latest Accord comes with Google built-in Offers hybrid and gas power The 2023 Honda Accord sedan is getting ready to arrive at dealers in...

Rolls-Royce Could Have to Increase its First EVs Production Run

The company’s CEO said the Spectre EV received “far more” orders than expected. Full details for the EV have yet to be announced...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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.