3,479
 

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


 


section   (0 bx goons and 1 bystanders) Share this on Twitter       Share this on Facebook
 

 3 weeks ago '18        #1
893 page views
23 comments


Lord God 74 heat pts74
space
avatar space
space
$4,450 | Props total: 21808 21808
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.
image
+6   

23 comments for "Amazon leads $700 Million investment round into Electric Vehicle maker RIVIAN"

 3 weeks ago '04        #2
willi150 5 heat pts
space
avatar space
space
$3,614 | Props total: 505 505
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   

 3 weeks ago '18        #3
Lord God 74 heat pts74 OP
space
avatar space
space
$4,450 | Props total: 21808 21808
 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.

 3 weeks ago '06        #4
LYTE 160 heat pts160
space
space
space
$15,962 | Props total: 8445 8445
Anyone know the stock ticker
+3   

 3 weeks ago '08        #5
606robin 29 heat pts29
space
avatar space
space
$6,817 | Props total: 6153 6153
Amazon has been on a roll, this past month with investing in other companies. NY lost...
+1   

 3 weeks ago '04        #6
willi150 5 heat pts
space
avatar space
space
$3,614 | Props total: 505 505
 LYTE said
Anyone know the stock ticker
They are private right now
+5   

 3 weeks ago '05        #7
Friday 2 heat pts
space
avatar space
space
$672 | Props total: 109 109
In on NIO nyse.. for now

 3 weeks ago '06        #8
whammy 2 heat pts
space
avatar space
space
$1,812 | Props total: 1365 1365
If you can buy a Rivian FJ Cruiser looking joint with Amazon Prime, Tesla is in trouble.
+3   

 3 weeks ago '08        #9
GoldBluded 706 heat pts706
space
avatar space
space
$22,832 | Props total: 40605 40605
This is it.
+2   

 3 weeks ago '10        #10
MrTripleDouble 
space
avatar space
space
$3,075 | Props total: 2631 2631
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.
+2   

 3 weeks ago '18        #11
Lord God 74 heat pts74 OP
space
avatar space
space
$4,450 | Props total: 21808 21808
Really good walkthrough vid:


[video - click to view]

+2   

 3 weeks ago '17        #12
Lazy 4 heat pts
space
space
space
$2,141 | Props total: 7242 7242
 Lord God said
Really good walkthrough vid:

bookmarked

 3 weeks ago '16        #13
AfroBucks88 35 heat pts35
space
avatar space
space
$3,505 | Props total: 9121 9121
this video screams invest invest invest

 3 weeks ago '04        #14
willi150 5 heat pts
space
avatar space
space
$3,614 | Props total: 505 505
 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   

 2 weeks ago '10        #15
M2CEO 31 heat pts31
space
space
space
$5,264 | Props total: 4381 4381
What's the specs?

 7 days ago '07        #16
[MK] 
space
avatar space
space
$3,176 | Props total: 953 953
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

 6 days ago '10        #17
jayjay2 11 heat pts11
space
avatar space
space
$8,934 | Props total: 3153 3153
Man I have to stay on this when they open up

 6 days ago '06        #18
RAZAH CUTS 6469 heat pts6469
space
avatar space
space
$58,630 | Props total: 33486 33486
 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...

 6 days ago '10        #19
MrTripleDouble 
space
avatar space
space
$3,075 | Props total: 2631 2631
 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

 6 days ago '04        #20
PrisonRules 75 heat pts75
space
avatar space
space
$28,628 | Props total: 8410 8410
 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

 5 days ago '18        #21
Lord God 74 heat pts74 OP
space
avatar space
space
$4,450 | Props total: 21808 21808
 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*
+1   

 5 days ago '10        #22
M2CEO 31 heat pts31
space
space
space
$5,264 | Props total: 4381 4381
 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?

 5 days ago '18        #23
Lord God 74 heat pts74 OP
space
avatar space
space
$4,450 | Props total: 21808 21808
 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   

 3 days ago '05        #24
Hold That 111 heat pts111
space
avatar space
space
$40,707 | Props total: 24336 24336
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..

Home      
  





 


 
 




most viewed right now
+90online now  66
The RATCHETS in Miami Beach was CUTTING UP for Spring Break 2019.
248 comments
21 hours ago
@misc
most viewed right now
+135online now  51
Image(s) inside Come Get Your Auntie Before I Fvck Her, Bruh
83 comments
20 hours ago
@thotsdimesetc
most viewed right now
+19online now  33
Image(s) inside Shorty from tory lanez video
27 comments
23 hours ago
@thotsdimesetc
most viewed right now
+86online now  23
Video inside White guy giving it to the white man
51 comments
2 days ago
@wild'ish
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy