Rivian is seeking a new round of multi-billion dollar financing with a valuation of $25 billion

Electric car manufacturer Rivian is seeking a new round of financing of billions of dollars, the latest valuation is 25 billion US dollars.

Prior to this, Amazon and Rivian jointly released the first fully automatic electric truck, and both parties expect this model to be delivered in 2022. Rivian’s investors include Amazon, BlackRock, Soros Fund Management Company, and Puxin Group. Regarding the intention to invest in the new round of financing, Rivian did not disclose. Rivian’s future competitor, Tesla, also values the layout of electric pickup trucks. Musk once said that electric pickup trucks “may be my personal favorite among the company’s next products”.