Amazon continued its push into the transportation space on Friday with some big news: the company is leading a $700 million investment round in Rivian, a United States-based EV startup that’s working to launch an all-electric pickup truck and SUV in 2020.
The announcement follows last week’s news that Amazon was part of a group that raised $530 million for Aurora Innovation, an autonomous vehicle startup led by the former head of Google’s self-driving car project.
Rivian will “remain an independent company,” the startup announced in a press release. While Amazon is leading the funding round, the EV startup says its existing shareholders are also involved in raising the $700 million. Rivian did not disclose exactly how much money Amazon…
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