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EV Maker Rivian Raises $2.5 Billion in New Funding Round

July 10, 2020

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Rivian Automotive Inc., the electric truck startup already backed by Amazon.com Inc. and Ford Motor Co., raised $2.5 billion in new funding from a group of investors led by T. Rowe Price Associates Inc.

Other investors in the funding round include Soros Fund Management, Coatue, Fidelity Management & Research Co. and Baron Capital Group, according to a statement July 10. Amazon also participated.

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