Infinity Investment Partners is an investment firm based in London. It invested in electric vehicle maker Rivian in early 2021, making a return of 3 times its initial investment and tens of millions in profit from Rivian’s IPO in November 2021. The firm’s investment was driven by its belief in Rivian’s long-term growth potential under founder RJ Scaringe and the company’s partnership with Amazon for 100,000 electric delivery vans.
Infinity invests early in potential high-growth companies
Infinity Investment Partners made an early investment in Rivian in January 2021, before the company’s IPO. This allowed it to get in at a lower valuation and profit enormously from the stock’s surge after going public. The firm was attracted by Rivian’s ambitious plan to disrupt the auto industry led by founder RJ Scaringe, as well as its key partnership with Amazon to build electric delivery vans. This long-term growth potential drove Infinity’s investment thesis.
Partnership with Amazon provides validation
A key factor in Infinity’s investment in Rivian was the company’s partnership with Amazon for 100,000 electric delivery vans. This provided validation of Rivian’s production capabilities and future revenue potential. As a leader in e-commerce and logistics, Amazon’s desire to work with Rivian signaled that the startup was on track to be a major player in electric vehicles.
Rivian investment nets 3x return for Infinity
Infinity Investment Partners made an early investment in Rivian in January 2021, and ultimately achieved over a 3 times return on its initial investment in just 10 months as Rivian went public. While the electric vehicle maker has seen some stock price volatility since its IPO and still faces challenges to profitability, Infinity was able to lock in significant profits due to the timing of its investment.
Infinity Investment Partners is a London-based investment firm that reaped significant rewards from an early investment in electric vehicle startup Rivian. Attracted by Rivian’s growth potential and key Amazon partnership, Infinity invested $10 million in January 2021. This prescient bet paid off enormously, with Infinity netting over 3 times its initial investment and tens of millions in profit when Rivian staged its blockbuster IPO in November 2021.