Rivian raised a US$700-million round, and said that it will remain an independent company. Amazon led the round at an undisclosed sum. (VentureBeat)
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Rivian raised a US$700-million round, and said that it will remain an independent company. Amazon led the round at an undisclosed sum. (VentureBeat)
Talking point: Breaking into the transportation space has been a key focus for Amazon; this announcement comes just a week after Amazon participated in self-driving car startup Aurora’s funding round. Investing in technologies that can help it ship to customers faster is an important part of getting ahead of competitors; one 2018 survey of 2,400 professionals in the transportation and logistics industry said they expected to provide same-day delivery—a space in which Amazon is rapidly growing—by 2022.
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