Also Inc., a Rivian (RIVN)-backed startup developing small electric vehicles, was valued at $1B in a new investment from Greenoaks Capital, people familiar with the matter told Bloomberg’s Ed Ludlow and Kiel Porter. Greenoaks put $200M into the business, which was spun out of Rivian earlier this year with $105M in funding from the automaker, at a $1B post-money valuation, said the sources.
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