The electric vehicle startup’s platform approach helped it raise nearly $3 billion this year.

The sheer spectacle of Tesla’s Cybertruck unveiling, from the severe angles to the smashed windows, will go down as the biggest news in electric pickup trucks this year. But a rival startup that has yet to deliver a single truck arguably had a more monumental 2019—and, in the end, may do more to create a market for these vehicles.

On Monday, Rivian announced it had raised $1.3 billion in its fourth funding ro