Rivian shocked the industry last fall when it unveiled its electric truck and SUV at the LA Auto Show. Rivian is hoping to start building its new electric R1T and R1S vehicles by 2021 and now it may get some help from Amazon and GM.
It’s being reported that Amazon and General Motors are in talks with Rivian to invest in the new EV start up. According to Reuters, the investment wouldn’t be a buyout. Instead the two companies would buy a minority stake in Rivian, which would value the company between $1 billion to $2 billion.
“We admire Rivian’s contribution to a future of zero emissions and an all-electric future,” GM recently stated.
When Rivian unveiled the R1T pickup and R1S SUV, it stated that the two EVs would have a driving range up to 400 miles. Both of them are powered by four electric motors that generate 147kW of power and 3,500 Nm of torque to each wheel. The R1T and R1S only need three seconds to reach 60 mph.
The Rivian R1T starts at $61,500 after the federal tax credit, while the R1S is priced at $65,000.