Amazon Invests In Rivian Again As Part Of $2-Billion ‘ Climate Pledge ‘
We don’t exactly know how much money Rivian received, but it will help Rivian continue to fund its operation ahead of R1S and R1T sales start.
After previously investing a reported $700-million into EV startup Rivian, as part of a deal to get 100,000 electric delivery vans, Amazon has now added to that investment. We don’t exactly know how much, but it’s part of the online retail giant’s $2-billion Climate Pledge initiative.
Through said pledge, Amazon wants to become fully carbon-neutral by 2040. It will attempt to achieve this goal through funding various companies such as CarbonCure Technologies, Pachama, Redwood Materials, Rivian, and Turntide Technologies, as well as Rivian, to speed up the process. It’s also investing in renewable energy sources (it’s pledged to have up to 80 percent of its global network powered through green means by 2024 and 100 percent by 2030, although it could get there ahead of schedule).