Amazon invested $700 million in the electric car manufacturer Rivian

After the beginning of this week’s rumors, Amazon and GM are in talks about investing in Rivian, a manufacturer of electric pickups and SUVs, the company confirmed that closes a financing round of $ 700 million headed Amazon.

Despite the fact that the investment round was carried out Amazon this does not exclude the possibility that General Motors also was an investor.

For Rivian this means that its electric pickup R1T and R1S electric crossover are now on step closer to market launch.

Electrical model of a pickup truck Rivian R1T and R1S crossover Rivian © Twitter Rivian

Scoring R. J. (R. J. Scaringe), founder and CEO of Rivian, commented on the announcement of the funding:

These investments are an important milestone for Rivian and the transition to sustainable mobility. In addition to the simple elimination of trade-offs that exist in terms of performance, capacity and efficiency, we are working on the introduction of innovations in the whole experience of working with clients. For the realization of this vision requires the right partners, and we are pleased that Amazon with us in our quest to create products, technologies and experience that dropping expectations of what is possible.

Rivian is the second largest investment by Amazon in the automobile industry only this month. In the week we reported that Amazon has invested in startup technology Autonomous driving Aurora.

Last year Rivian introduced its first two electric vehicles, a pickup and a crossover, built on a single platform. Delivery of electric vehicles the first customers are expected in late 2020.

We will remind, Rivian actively promotes R1T and R1S Electric Truck SUVs in their natural element.

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