T. Rowe Price led a $2.5bn investment round in Rivian.

T. Rowe Price, an investment management firm led a $2.5bn investment round in Rivian, an electric vehicle manufacturer. Participants in this investment round include Soros Fund Management, Coatue, Fidelity Management and Research Company, and Baron Capital Group. Existing shareholders Amazon and funds managed by BlackRock also participated. "We are focused on the launch of our R1T, R1S and Amazon delivery vehicles. With all three launches occurring in 2021, our teams are working hard to ensure our vehicles, supply chain and production systems are ready for a robust production ramp up. We are grateful for the strong investor support that helps enable us to focus on execution of our products,” RJ Scaringe, Rivian Founder and CEO.