(Bloomberg) — Rivian Automotive Inc., the electric-truck maker already backed by Amazon.com Inc. and Ford Motor Co., raised another $1.3 billion from investors led by T. Rowe Price to support the rollout of its debut vehicles next year.The funds generated from Rivian’s fourth major investment this year boosts the total raised to $2.85 billion. The Plymouth, Michigan-based manufacturer said Amazon, Ford and funds managed by BlackRock also participated in the round.Rivian’s latest haul comes as the company is drawing significant interest from both consumers and businesses wanting to shift to electric vehicles. Chief Executive Officer R.J. Scaringe has spent the …read more
Source:: Yahoo Finance
