21 Jan Automobility Investments Weekly Pulse Check – Issue 20
December 20 – December 27, 2019
We are pleased to share the Issue #20 of Automobility’s newsletter on global auto+mobility related investments. This issue spans December 20 – December 27, 2019.
This week’s featured story is Rivian raising 1.3 billion USD in a funding round led by T. Rowe Price, raising the company valuation at over 4 billion USD. Positioned as a facing competitor of Tesla, Rivian has surpassed similar fundraising milestones when compared with Tesla, in part because investors are now convinced of the potential for commercialization of electric propulsion technology.
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