Rivian has announced an equity investment round of $700M led by Amazon. The 
investment comes on the heels of Rivian's reveal of the all-electric R1T pickup 
and R1S SUV at the LA Auto Show last November.

Starting with a clean sheet, Rivian has developed its vehicles with adventurers 
at the core of every design and engineering decision. The company's launch 
products, the R1T and R1S, deliver up to 400+ miles of range and provide an 
unmatched combination of performance, off-road capability and utility. These 
vehicles use the company's flexible skateboard platform and will be produced at 
Rivian's manufacturing plant in Normal, Ill., with customer deliveries expected 
to start in late 2020.

"This investment is an important milestone for Rivian and the shift to 
sustainable mobility," said RJ Scaringe, Rivian Founder and CEO. "Beyond simply 
eliminating compromises that exist around performance, capability and 
efficiency, we are working to drive innovation across the entire customer 
experience. Delivering on this vision requires the right partners, and we are 
excited to have Amazon with us on our journey to create products, technology 
and experiences that reset expectations of what is possible." 

"We're inspired by Rivian's vision for the future of electric transportation," 
said Jeff Wilke, Amazon CEO Worldwide Consumer. "RJ has built an impressive 
organization, with a product portfolio and technology to match. We're thrilled 
to invest in such an innovative company."

Rivian will remain an independent company. Amazon is leading the round, which 
includes participation from existing shareholders. Additional details about 
this investment are not being disclosed at this time.

About Rivian
Rivian is developing vehicles, technology and services that inspire people to 
get out and explore the world.  With a team of more than 750 people, Rivian has 
development centers in Plymouth, Mich.; San Jose, Calif.; Irvine, Calif; and 
Surrey, England; along with a 2.6-million-square-foot manufacturing plant in 
Normal, Ill. Rivian will launch the R1T and R1S in the US in late 2020, with 
introduction to other global geographies starting in 2021. Rivian is now 
accepting preorders on its R1T and R1S. More information is available at 
www.rivian.com.

SOURCE:  Rivian

CONTACT: Michael McHale
         Rivian
         +1-856 816 1231
         mmchale@rivian.com
         www.media.rivian.com