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You are here: Home / News / Ford and Rivian Announces $500 Million Investment, Partnership to Deliver All-New Battery Electric Vehicle

Ford and Rivian Announces $500 Million Investment, Partnership to Deliver All-New Battery Electric Vehicle

April 24, 2019 By CollisionWeek Editor

Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform.

RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Through a strategic partnership, Ford will develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform.

 “This strategic partnership marks another key milestone in our drive to accelerate the transition to sustainable

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Filed Under: News Tagged With: Agreements Signed, Electric Vehicles, Ford Motor Company, Rivian

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