Cox Automotive invested $350m in Rivian.

Cox Automotive, a global automotive services company, invested $350m in Rivian, an American automaker and automotive technology company. This partnership marks Rivian’s third investment announcement of 2019, following a $700m investment round in February led by Amazon, and in April, a $500m investment from Ford Motor Company. “We are excited by Rivian’s unique approach to building an electrified future and to be part of the positive impact its products will bring to our roads and the world around us,” said Sandy Schwartz, president of Cox Automotive. “This investment complements Cox Automotive’s own commitment to environmental change through our Cox Conserves efforts.”