Amazon

Amazon continued its way to make investments in transportation, therefore, On Friday, the Electric truck start-up Rivian announced that the company has invested $700 million that would assists to manufacture all-electric pickup truck and SUV in 2020. The announcements just started to rise after months when Michigan-based company unveiled both an electric pickup truck and sports utility vehicle at the LA Auto Show in November.

“This investment is an important milestone for Rivian and the shift to sustainable mobility,” said RJ Scaringe, Rivian Founder, and CEO in a press release. “Beyond simply eliminating compromises that exist around performance, capability, and efficiency, we are working to drive innovation across the entire customer experience. Delivering on this vision requires the right partners, and we are excited to have Amazon with us on our journey to create products, technology, and experiences that reset expectations of what is possible.”

Reuters report confirmed the news that Amazon has invested in the company. Reuter had also reported that General Motors is interested to make some investments in Rivian, however, there is no word on confirmation yet by both the companies.

“We have nothing additional to add beyond our previously shared statement from earlier this week,” a spokesperson for GM said in an email, “We admire Rivian’s contribution to a future of zero emissions and an all-electric future.”

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These investments do not affect their authority as they remain the independent company, Rivian has 750 employees in several locations, including Plymouth, Michigan; San Jose and Irvine, California; Normal, Illinois; and Surrey, England. Currently, the company plans to launch R1T pickup truck and R1S sports utility in the U.S 2020 and begin to introduce them in 2021. The company has modeled both the vehicles on Skateboard platform.

Whereas some industry analysts have anticipated that Amazon could be interested in Rivian’s platform for developing vehicles for its massive global logistics needs. Not forget to mention that this will be Amazon second investment in transportation this month as they have recently invested in Aurora which is an autonomous vehicle technology company run by Waymo and Tesla alumni.

 

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