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GM and Amazon Looking to Invest in EV Maker Rivian?

There’s been quite a bit of talk about Rivian since late November, when the company used the occasion of the Los Angeles Auto Show to introduce the all-electric R1S full-size SUV and the R1T pickup truck

The company has shown it is serious about developing its products, and the initial quality of those products observed so far has opened a lot of eyes.

Already, consumers in North America are able to pre-order their vehicles, which are expected to be market-ready later this year.

The company’s first baby steps have set tongues wagging throughout the industry, to say the least.

Rivian R1T
Photo: Rivian
Rivian R1T

It also appears Rivian has drawn the attention of two corporate giants, GM and Amazon. The two companies are currently discussing the possibility of buying stakes in the company, according to a report by Reuters. That report also rightly points out that the interest being manifested by GM and Amazon means they clearly see an enormous amount of potential in the company and its products.

The investment could total as much as $2 Billion. GM would clearly like to gain access to the platform developed by Rivian, which would allow the automaker to avoid a ton of research and development costs.

Should the discussions prove fruitful, we can expect an announcement towards the end of this month.

Article by Auto123.com

Rivian R1S
Photo: D.Rufiange
Rivian R1S
Photo: D.Rufiange
Photo: D.Rufiange