Rivian receives $ 350 million from the company behind Kelley Blue Book



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Rivian will not even launch its first electric truck before the end of 2020, but this does not prevent the company from receiving its third major injection of funds this year. Cox Automotive, the company behind Autotrader and Kelley Blue Book, has invested $ 350 million in Rivian. The publications will not play much role, to be clear. Rather, it is an opportunity to explore partnership opportunities in Cox's other business areas, including digital retail, logistics and service operations. Cox owns companies like Manheim, which provides services, transportation and car auctions around the world.

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