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Rivian Scores $1.3 Billion Investment

December 24th, 2019

Via: Reuters:

Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round led by T. Rowe Price and including existing investors Amazon.com and Ford Motor Co.

The investment round, which also included BlackRock Inc, is the fourth this year for Rivian and positions the Plymouth, Michigan-based company as one of the better-financed players in a crowded EV manufacturing market where Tesla Inc is the most established player.

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