2.2 C
New York
Thursday, February 2, 2023

Buy now

Amazon increases backing of electric truck maker Rivian Automative

Amazon has increased their investment in electric truck maker, Rivian.

The E-commerce giant was an early investor in Rivian and now owns 20% of the company, according to the New York Post. Ford removed a board representative in early October. Ford Motor Company does have a strategic relationship with Rivian.

Rivian announced plans to raise between $5-8 billion in an IPO.

Join MultiMediaMouth+ for $3 a month

Support MultiMediaMouth.com now! For just $3/month, you will get ad-free access to select articles, Podcasts, and livestream events! Join today and support small creators!

Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

Related Articles

Latest Articles