Amazon has led the electric truck developer's latest round, which featured existing backers likely to have included corporates Abdul Latif Jameel and Sumitomo.

US-based sustainable truck developer Rivian Automotive secured $700m on Friday in a funding round led by e-commerce and cloud computing group Amazon and backed by undisclosed existing shareholders. Rivian is working on an all-electric pick-up truck and sports utility vehicle, both of which are expected to be commercially released in the US in late 2020,…

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