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07/23/2021, Rivian, an electric vehicle startup, announced on Friday that it had closed a $2.5 billion funding round
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Rivian, an electric vehicle startup, announced on Friday that it had closed a $2.5 billion funding round led by investors Amazon.com Inc, Ford Motor Co, and T. Rowe Price. The news comes just one day after the California-based company announced plans to build a second assembly plant in the United States. According to Reuters, citing unnamed sources, Rivian's planned plant, dubbed "Project Tera," will include battery cell production.