ImpactAlpha, July 27 — The Irvine, Calif.-based company plans to deliver its electric pickup trucks and SUVs to customers this fall and is building 100,000 electric delivery vans for Amazon.
The new financing will be used “to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout,” said Rivian’s RJ Scaringe.
The investment round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and clients of T. Rowe Price, brings its total raised since 2019 to $10.5 billion.
Participating investors include Third Point Ventures, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue Management.
Corporate and leasing fleet commitments will drive the roll-out of more than 2.5 million zero-emission vehicles by 2030 (see, “Electrification of vehicle fleets sparks disruption of energy and transportation”).
Einride snagged $110 million to scale the deployment of its electric driverless freight vehicles with Coca-Cola and other partners.