Rivian raises one other $2.5 billion because it appears to construct a second manufacturing facility


Electrical car startup Rivian has raised one other large spherical of funding, this time to the tune of $2.5 billion, bringing its complete raised thus far over the $10 billion mark. The funding spherical comes as Rivian just lately confirmed it’s searching for a location to construct a second manufacturing facility — one which may even produce batteries for its autos — in the US. The corporate is at the moment aiming to roll its first electrical pickup vans off the road at its present manufacturing facility in Illinois this September.

The brand new spherical was led by Amazon’s Local weather Pledge Fund, Ford, D1 Capital Companions, and funds suggested by T. Rowe Worth, every of that are already traders in Rivian. Amazon and Ford every personal greater than 10 % of the buzzy EV startup, and are…

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