Volkswagen just became Rivian’s biggest investor. It is not buying trucks. It is buying the software its own engineers could not build.
May05
When Rivian went public in November 2021, Amazon owned 20 per cent of the company. It had backed the electric vehicle startup with a 700 million dollar cheque in 2019, ordered 100,000 electric delivery vans, and watched its investment surge to more than 15 billion dollars on Rivian’s first day of trading. Four years later, […]
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