The EV maker also announced that at launch, the R1T will have an estimated range of 300 miles. In January 2022, the company plans to release an R1T that has a range of over 400 miles.
Amazon revealed a video, photos, and some details of the van’s features but did not include battery or drivetrain specs. The timeframe for initial deployment is now “as early as 2022.”
The investment round of $2.5 billion comes as the electric vehicle startup retools its factory to produce its three electric vehicles starting in 2021.
Ford’s electric F-150 is due by mid-2022. Is this a realistic assessment of the electrification timeline, or is Ford late to the game?
Rivian has closed an investment round of $1.3 billion, the fourth investment the battery-electric truck and SUV startup will receive in 2019.
Battery-electric truck and SUV startup Rivian has added a third, large investor this year with a $350 million stake from Cox Automotive, the company announced today.
Ford Motor Co. is investing $500 million in Rivian and will use its "skateboard" platform for a new battery-electric vehicle to bring expanded electrification to its lineup.