The concept of an electric pickup truck took a positive turn this week with the announcement that Amazon is investing $700 million in Rivian, which is developing electrically powered pickups and SUVs.
That’s the word from Engadget. Earlier in the week reports circulated that Amazon and General Motors were considering putting money into Rivian, whose vehicles rival the performance of supercars and have unique designs to say the least.
For one thing, the batteries and running gear are mounted underneath the chassis. The engine compartment is essentially a huge trunk and an extra horizontal storage compartment runs the width of the pickup just aft of the cab.
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“Other details about the investment aren’t being disclosed, but previous shareholders are involved and Rivian is remaining an independent company,” reported Engadget, a tech blog. “Rumors suggested this week Amazon and GM would both invest, but it’s not clear if the latter took part in this round. Nor did Rivian disclose how much of the company Amazon now owns.”
Rivian’s CEO RJ Scaringe told Engadget: “We are excited to have Amazon with us on our journey to create products, technology and experiences that reset expectations of what is possible.”
Engadget noted in its report that it’s not certain “what Amazon’s end game is with the investment. That said, it’s clearly taking a deeper interest in transportation (which makes sense for a company that has delivery robots) as it also invested in a self-driving car company this month.”