Reuters
Feb 15 () - U.S. electric pickup truck manufacturer Rivian Automotive LLC on Friday announced an equity investment round of $700 million, led by Amazon.com Inc.
had reported on Tuesday that Amazon and General Motors Co were in talks to invest in Rivian in a deal that could value the company between $1 billion and $2 billion.
The investment comes on the heels of Rivian unveiling its all-electric R1T pickup and R1S SUV at the LA Auto Show last November, the company said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
