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Billionaire investor George Soros has bought 20 million shares of new electric car maker Rivian, according to stock market data on Friday.
Shares at the time of acquisition totaled $ 2 billion, making the Soros Fund one of the company’s largest investors.
Rivian, 20% of which is owned by US trading giant Amazon, is considered a rival to Tesla manufacturers and has had quite a bit of success with investors last year when it managed to raise about $ 12 billion in investments. The company was the most successful debutant in 2021.
But the company has yet to produce any vehicles in industrial figures, other than 150 R1T electric vans and two electric SUVs for in-house customers.
For regular customers Rivian has announced that they can expect vehicles in September 2022 for orders of the R1S car model, and March through June for the R1T model.
Rivian was expected to supply the Amazon group with more than 100,000 electric vehicles last year but said it suffered some shortfalls from supply chain restrictions, according to reports.
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