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Ford can provide manufacturing expertise, Cox plans to collaborate with Rivian on logistics and service, and Amazon has already placed orders for 100,000 electric delivery vans from Rivian. The importance of those stakeholders isn't just the capital they injected. Subsequent funding rounds also followed leading up to last week's IPO. 2019, privately held Cox Automotive announced a $350 million investment. 2019, Amazon ( NASDAQ:AMZN) led a $700 million funding round, and that was followed by a $500 million investment from Ford not long thereafter. Its financial backing has come from several funding rounds over the past several years. That's because Rivian doesn't just have solid financial backing, it also has its own ready-made market that is as solid as they come. |