Amazon Invades To Electrical Vehicles Past Times Investing Inwards The Rivian

Amazon together with General Motors, who intend to jointly invest inwards Rivian, an electrical truck pickup company, according to Reuters. The articulation investment volition plow Rivian into a "unicorn", every bit the value of the fellowship volition endure valued at $ one billion to $ two billion.

Last August, Tesla CEO Elon Musk referred to pickup trucks every bit a possible time to come projection for the company. "Perhaps my ain preference for our adjacent production is the pickup truck, together with I'm certain nosotros volition brand an amazing such vehicle," he said inwards an interview amongst analysts.

Update!
The rumors of the inwards a higher house ... became reality together with Amazon announced that it is investing $ 700 meg inwards Rivian Automotive LLC. RJ Scaringe, CEO of Rivian said:

This investment is an of import landmark for the Rivian together with our shift to to a greater extent than sustainable forms of transport. In improver to but overcoming the limits on performance, capabilities together with efficiency, nosotros run to supply innovations throughout the client experience. Achieving this vision requires the correct partners, together with nosotros are thrilled to bring Amazon amongst us on this journeying to practise products, technology scientific discipline together with experiences, together with amongst which nosotros volition redefine what is possible.