Amazon led a $700m investment round in Rivian.

E-commerce giant Amazon led a $700m investment round in Rivian Automotive, an electric vehicle manufacturer. The investment comes on the heels of Rivian’s reveal of the all-electric R1T pickup and R1S SUV at the LA Auto Show in November 2018. “This investment is an important milestone for Rivian and the shift to sustainable mobility. 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,” RJ Scaringe, Rivian Founder and CEO.