Autos

Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics

Rivian to install more than 10,000 EV chargers by end of 2023

Rivian, the EV startup backed by Amazon, Cox Automotive and T. Rowe Price, plans to building out a network of more than 10,000 chargers by the end of 2023 in a network aimed at quickly powering its electric vehicle models on highways and at further afield locations next to hiking and mountain biking trailheads and other adventurous destinations. The company said Thursday that its so-called Rivian Adventure Network will include more than 3,500 DC fast chargers at over 600 sites, which will only b...
Tags: TC, Transportation, Europe, Utah, Tech, Canada, Automotive, United States, North America, Zion National Park, South Rim, Grand Canyon National Park, AC chargers, Renewable Energy Certificates, Rivian, RJ Scaringe

Rivian raises $2.65B as it pushes towards production of its electric pickup

Rivian has raised $2.65 billion as it prepares to begin production this summer of its all-electric pickup truck. The round, which was led by funds and accounts advised by T. Rowe Price Associates Inc., also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other existing and new investors. Rivian is now valued at $27.6 billion, according to a person familiar with the investment round. The capital comes at a critic...
Tags: Amazon, Transportation, Tech, Automotive, Ford, Mitsubishi, Blackrock, T.rowe Price, Chrysler Corporation, Cox Automotive, T Rowe Price Associates Inc, Rivian, RJ Scaringe, D1 Capital Partners, Baron Capital Group, Amazon Ford Motor Company

Rivian raises $2.65B as it pushes toward production of its electric pickup

Rivian has raised $2.65 billion as it prepares to begin production this summer of its all-electric pickup truck. The round, which was led by funds and accounts advised by T. Rowe Price Associates Inc., also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other existing and new investors. Rivian is now valued at $27.6 billion, according to a person familiar with the investment round. The capital comes at a critic...
Tags: Amazon, Transportation, Tech, Automotive, Ford, Mitsubishi, Blackrock, T.rowe Price, Chrysler Corporation, Cox Automotive, T Rowe Price Associates Inc, Rivian, RJ Scaringe, D1 Capital Partners, Baron Capital Group, Amazon Ford Motor Company

Rivian raises $2.65 billion in new capital as it pushes towards production of its electric pickup

Rivian has raised $2.65 billion as it prepares to begin production this summer of its all-electric pickup truck. The round, which was led by funds and accounts advised by T. Rowe Price Associates Inc., also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue and D1 Capital Partners as well as several other existing and new investors. The capital comes at a critical time for Rivian, which is undertaking the design, development, production and delivery of two co...
Tags: Amazon, Transportation, Tech, Automotive, Ford, Mitsubishi, Blackrock, T.rowe Price, Chrysler Corporation, Cox Automotive, T Rowe Price Associates Inc, Rivian, RJ Scaringe, D1 Capital Partners, Baron Capital Group, Amazon Ford Motor Company