Rivian gets $1.3B funding boost, for electric truck deliveries by late 2020

Rivian R1T electric pickup conceptElectric-vehicle upstart Rivian announced Monday that it has closed a $1.3 billion investment round led by T. Rowe Price—including new investments from Amazon, Ford, and BlackRock. The fresh funding, together with previous investments in the company announced this year, have helped assure that Rivian will deliver product—in the form of...