EV startup Rivian announces $2.5 billion funding round led by Amazon, Ford


FILE PHOTO: R.J. Scaringe, Rivian's CEO, introduces his company's R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Photo

DETROIT (Reuters) - Electric car startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com, Ford Motor Co and T. Rowe Price.

The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant.

(Reporting by Ben Klayman; editing by Diane Craft)

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