Rivian Receives Strategic Investment from Sumitomo Corporation of Americas

Rivian, a US developer of an integrated portfolio of electric vehicles, technologies and services, received a strategic investment from Sumitomo Corporation of Americas.

The financial terms of the investment were not disclosed.

Led by RJ Scaringe, founder and Chief Executive Officer, Rivian provides a premium vehicle platform that enables new customer models and integrates with the company’s cloud-based digital architecture, self-driving platform and advanced battery system.

The company, which plans to introduce its first electric adventure vehicle, a five-passenger truck, in 2020, followed by a seven-passenger SUV, has vehicle design and engineering operations in Michigan, technology and engineering in California and manufacturing facilities in Illinois.



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