https://techcrunch.com/2019/12/23/rivian-adds-1-3-billion-in-funding-for-its-electric-utility-and-adventure-vehicles/

American automotive technology startup Rivian has raised $1.3 billion in new funding, the company announced today. The new investment is the fourth round of capital announced by the company in 2019 alone, following prior announcements of $700 million led by Amazon, $500 million from Ford (which includes a collaboration on electric vehicle technology) and $350 million from Cox Automotive.

That’s a lot of money, but Rivian’s not your typical startup, since it’s aiming to bring fully electric vehicles to market, including the R1T pickup truck and the R1S sport utility vehicle. Both of those are consumer cars, which the company aims to bring to market starting at the end of next year – and Rivian is also working with Amazon on all-electric delivery vans, of which the commerce giant has ordered 100,000 with a target of starting deliveries of the first of those in 2021.