Rivian appears to be doing well in raising the funds they need
to produce electric trucks. Yesterday, there was an announcement about a substantial investment from T. Rowe Price. So far it looks like they have raised capital as follows:

Cox Automotive $350 million
Ford $500 million
Amazon $700 million
T. Rowe Price $ 1.3 billion

The Japanese firm, Sumitomo, has also invested as have some Saudi funds. There were rumors that GM was going to invest but I think that did not happen. They have taken over the former Mitsubishi plant in Normal but are headquarted here in Wayne County. Apparently, they are willing to accept a $1000 down payment on an electric truck that may sell for
$69,000.

Will Rivian be the first to the market with a new generation of electric trucks? Detroit sure does remain axis mundi for the world's vehicle industry.