Katie Roof and Ed Ludlow

Business, Technology

Rivian Is Close to Raising Funds at $25 Billion Valuation

Rivian logo. (Rivian Automotive)

Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc. and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter.

Katie Roof and Ed Ludlow | Bloomberg News
January 5, 2021