Proceeds from the raise will be used for the Q1 completion of the manufacturing facility in Ohio growing production space.
Daimler Trucks North America will partner with software developer Platform Science for on-vehicle mobile applications that offer advanced fleet management solutions.
Rivian has closed an investment round of $1.3 billion, the fourth investment the battery-electric truck and SUV startup will receive in 2019.
Ford Motor Co. will invest more than $1.45 billion at its Michigan plants to support its next-generation Ranger midsize pickup, 2020 Bronco SUV, electrified F-150s, and other upcoming vehicles.
Battery-electric truck and SUV startup Rivian has added a third, large investor this year with a $350 million stake from Cox Automotive, the company announced today.
Ford Motor Co. is investing $500 million in Rivian and will use its "skateboard" platform for a new battery-electric vehicle to bring expanded electrification to its lineup.
Meritor has announced an additional strategic investment in TransPower, an electrification technologies provider for large commercial vehicles, to support future growth.
A Memphis, Tennessee, fleet is investing $84 million to turn a derelict shopping mall into its new headquarters facility.
General Motors has invested $20 million two Michigan assembly plants to increase capacity to produce its 10-speed automatic transmission and crossovers such as the Chevrolet Traverse, the company has announced.
Volvo Group Venture Capital, a subsidiary of Volvo Group, has announced an investment in Momentum Dynamics, a compay that is developing high power wireless charging technology for electric vehicles.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In