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Tesla-rival Rivian raises $350 million from Cox Automotive
short by Kanishka Pandey / on Wednesday, 11 September, 2019
US electric pickup truck startup Rivian has raised $350 million in an equity investment by global automotive services company Cox Automotive. The Tesla rival said the two entities will explore partnership opportunities in service operations, logistics and digital retailing. Rivian had raised a $700-million investment round in February led by Amazon and a $500-million investment from Ford in April.
read more at Engadget