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.
This vehicle will mark the first fully electric vehicle under the Lincoln nameplate and will help advance Lincoln’s electrification plan.
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.
As it builds out its delivery fleet, Amazon is moving toward using a battery-electric delivery vehicle produced by Rivian Automotive. Amazon is leading a $700-million investment in the company.
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