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Amazon leads $700 Million investment round into Electric Vehicle maker RIVIAN


 


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 4 weeks ago '18        #1
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Lord God 74 heat pts74
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Amazon leads $700 Million investment round into Electric Vehicle maker RIVIAN
 

 

The rumor reported earlier this week that Amazon and General Motors would be heavily investing in electric vehicle maker Rivian turned out to be only partially true. Rivian announced this morning that Amazon has, in fact, led an investment round of $700 million, driving the value of the Michigan-based company over a billion dollars and elevating it to unicorn status.

“This investment is an important milestone for Rivian and the shift to sustainable mobility,” said R.J. Scaringe, founder and CEO of Rivian. “Beyond simply eliminating compromises that exist around performance, capability and efficiency, we are working to drive innovation across the entire customer experience. Delivering on this vision requires the right partners, and we are excited to have Amazon with us on our journey to create products, technology and experiences that reset expectations of what is possible.”

Though details are scarce, Rivian will remain an independent company and that the investment round, which is Rivian’s largest to date, will continue, including participation from existing shareholders, presumably ALJ and Sumitomo. The massive investment makes sense for Amazon, which could be interested in ultilizing Rivian’s EV platform to bolster its logistics needs; i.e., act as the base for a battery-powered fleet of vans to facilitate “last mile” deliveries.
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23 comments for "Amazon leads $700 Million investment round into Electric Vehicle maker RIVIAN"

 4 weeks ago '04        #2
willi150 5 heat pts
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they have a better chance of being successful now, they are also staying in its own lane by focusing on the truck and SUV. The electric car game will be interesting next year and the year after. Hopefully, they jump on board of Tesla charging network versus trying to go out on its own.
+2   

 4 weeks ago '18        #3
Lord God 74 heat pts74 OP
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 willi150 said
they have a better chance of being successful now, they are also staying in its own lane by focusing on the truck and SUV. The electric car game will be interesting next year and the year after. Hopefully, they jump on board of Tesla charging network versus trying to go out on its own.
They're teasing something else for their April press conference at NY's Auto Show.

I love everything except that front end. Lights don't do it for me, but I can live with it.

 4 weeks ago '06        #4
LYTE 161 heat pts161
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Anyone know the stock ticker
+3   

 4 weeks ago '08        #5
606robin 29 heat pts29
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Amazon has been on a roll, this past month with investing in other companies. NY lost...
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 4 weeks ago '04        #6
willi150 5 heat pts
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 LYTE said
Anyone know the stock ticker
They are private right now
+5   

 4 weeks ago '05        #7
Friday 2 heat pts
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In on NIO nyse.. for now

 4 weeks ago '06        #8
whammy 2 heat pts
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If you can buy a Rivian FJ Cruiser looking joint with Amazon Prime, Tesla is in trouble.
+3   

 4 weeks ago '08        #9
GoldBluded 709 heat pts709
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This is it.
+2   

 4 weeks ago '10        #10
MrTripleDouble 
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Bezos is really going for Elon's throat. Blue Origin now this? I love competition, this is old school capitalism. Tech magnates going at it. Out of all of this, the world will be moved forward into the future.
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 4 weeks ago '18        #11
Lord God 74 heat pts74 OP
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Really good walkthrough vid:


[video - click to view]

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 4 weeks ago '17        #12
Lazy 4 heat pts
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 Lord God said
Really good walkthrough vid:

bookmarked

 3 weeks ago '16        #13
AfroBucks88 35 heat pts35
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this video screams invest invest invest

 3 weeks ago '04        #14
willi150 5 heat pts
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 AfroBucks88 said
this video screams invest invest invest
Yeah if they ever go public I will be sure to invest in them. GM is looking into investing into them as well which means they are doing some really good things.
+2   

 3 weeks ago '10        #15
M2CEO 31 heat pts31
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What's the specs?

 2 weeks ago '07        #16
[MK] 
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I heard the were testing their trucks with F-150 bodies on them. Rivian is located about ten minutes from me, love that metro Detroit is getting in to electric vehicles besides the big three

 2 weeks ago '10        #17
jayjay2 11 heat pts11
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Man I have to stay on this when they open up

 2 weeks ago '06        #18
RAZAH CUTS 6473 heat pts6473
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 MrTripleDouble said
Bezos is really going for Elon's throat. Blue Origin now this? I love competition, this is old school capitalism. Tech magnates going at it. Out of all of this, the world will be moved forward into the future.
and regular people will become even more enslaved...

"old school capitalism" Ahahahaha. You're a dunce...

 2 weeks ago '10        #19
MrTripleDouble 
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 RAZAH CUTS said
and regular people will become even more enslaved...

"old school capitalism" Ahahahaha. You're a dunce...
You're not a capitalist? Fine but I'm not a dunce you're a dunce

 2 weeks ago '04        #20
PrisonRules 75 heat pts75
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 willi150 said
they have a better chance of being successful now, they are also staying in its own lane by focusing on the truck and SUV. The electric car game will be interesting next year and the year after. Hopefully, they jump on board of Tesla charging network versus trying to go out on its own.
why would tesla wanna deal with competition tho

 2 weeks ago '18        #21
Lord God 74 heat pts74 OP
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 M2CEO said
What's the specs?
Wheelbase: 3,450 mm
Total Power: 750 hp (4 motors)
Total Grounded Torque: 14,000 Nm
Acceleration: 0-60 in 3 sec.
Range: 400+ miles
Tow: 5,000 kg*
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 2 weeks ago '10        #22
M2CEO 31 heat pts31
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 Lord God said
Wheelbase: 3,450 mm
Total Power: 750 hp (4 motors)
Total Grounded Torque: 14,000 Nm
Acceleration: 0-60 in 3 sec.
Range: 400+ miles
Tow: 5,000 kg*
wow! for a small truck that is good....i wonder if they will have models that can go 600 mile range?

that torque is bananas too!

can they uses existing charging networks like the tesla charging network?

 2 weeks ago '18        #23
Lord God 74 heat pts74 OP
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 M2CEO said
wow! for a small truck that is good....i wonder if they will have models that can go 600 mile range?

that torque is bananas too!

can they uses existing charging networks like the tesla charging network?
That last question I have no clue. Hoping though.
+1   

 1 week ago '05        #24
Hold That 111 heat pts111
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Electric is definitely the move. I’ve been driving my ELR for about 2 years now and might upgrade to Tesla when the 2020s come out. I honestly can’t imagine going back to 100% fuel car. My sh*ts a hybrid and I fill up like once a month and it only has about 8 gallons of fuel it holds. The down side is the bi*ch only gets 40miles of battery. But when you live in the city you don’t do 40miles a day before you have it back on the charger.. glad another company is stepping up to challenge tesla


Last edited by Hold That; 03-16-2019 at 10:54 AM..

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