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

T. Rowe Price led a $2.5bn investment round in Rivian, an American automaker and automotive technology company, with participation from Soros Fund Management, Coatue, Fidelity Management and Research Company, Baron Capital Group, Amazon and BlackRock. "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.