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Announced

Completed

Amazon and D1 Capital led a $2.5bn funding round in Rivian.

Financials

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Transaction Value£1,812m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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automobile development

Automobiles

Private Equity

Friendly

Acquisition

Single Bidder

Completed

Domestic

Private

Venture Capital

Minority

automobile manufacturer

United States

Synopsis

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Amazon's Climate Pledge Fund and D1Capital, an investment firm, led a $2.5bn funding round in Rivian, an electric vehicle automaker and automotive technology company. Additional investors include Fidelity Management and Research, Coatue, Dragoneer Investment Group and Third Point. “As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth. This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product roll-out,” RJ Scaringe, Rivian CEO.

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