Best of the Web: Electric Truck Co. Gets investment from Amazon

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  • Amazon led a $700 million round of funding in Rivian, a Michigan-based electric vehicle startup.
  • Rivian plans to launch an electric pickup and electric SUV in the U.S. in 2020.

 

“This investment is an important milestone for Rivian and the shift to sustainable mobility,” said RJ Scaringe, Rivian founder and CEO. “Beyond simply eliminating compromises that exist around performance, capability and efficiency, we are working to drive innovation across the entire customer experience. Delivering on this vision requires the right partners, and we are excited to have Amazon with us on our journey to create products, technology and experiences that reset expectations of what is possible.”

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