US electric-car start-up Rivian has finalised another investment round of $US2.5 billion ($AU3.6 billion).
The company has raised nearly $US5 billion ($AU7.2 billion) in 2020, adding to the $US2.85 billion ($AU4.1 billion) invested into Rivian in 2019.
While Ford had originally planned to release models based on the Rivian 'skateboard' platform (the term given to the slim underpinnings of electric cars, to which different bodies can be added), the project was cancelled in April 2020. A new model based on the Rivian is still expected to be coming from Ford's luxury sub-brand Lincoln.
In September 2019 Amazon commissioned Rivian to produce 100,000 electric vans, also based on the company's skateboard platform. The skateboard concept allows different vehicle bodies to be fitted to the electric chassis, significantly lowering development costs.
A spokesperson for Rivian told CarAdvice in 2019 the company was planning an Australian launch of the R1T and R1S models as early as 2022.