> On Monday, Rivian announced it had raised $1.3 billion in its fourth funding round of the year, led by T. Rowe Price, bringing its total for 2019 to nearly $2.9 billion.
> Rivian has been quietly developing vehicles for a decade, but it seized the industry’s attention in late 2018, when it unveiled a pair of eye-catching, high-end electric trucks.
Rivian raised $2.9 billion over four funding rounds in the span of one year? And it's been around for a full decade without ever releasing a product?
> Rivian has been quietly developing vehicles for a decade, but it seized the industry’s attention in late 2018, when it unveiled a pair of eye-catching, high-end electric trucks.
Rivian raised $2.9 billion over four funding rounds in the span of one year? And it's been around for a full decade without ever releasing a product?
Does this not set off alarm bells?