Rivian Automotive, Inc. announced a private placement of unsecured senior convertible promissory notes for gross proceeds of $2,500,000,00 on July 23, 2021. The round was co-led by The Climate Pledge Fund, a fund managed by existing investor Amazon.com Inc., Investment Arm along with other existing investors Ford Motor Company for $415,000,000, funds managed by T. Rowe Price Associates, Inc., and D1 Capital Partners L.P. The transaction included participation from Dragoneer Investment Group, LLC, Third Point Ventures L.P., Coatue Management, L.L.C. and Fidelity Management & Research Company LLC. The company has raised $10,500,000,000 in funding till date since 2019.