RJ Scaringe Has Raised $12 Billion Across Three Startups
There are founders who raise money, and then there is RJ Scaringe. In less than a decade, the serial entrepreneur best known for his EV company Rivian has raised more than $12.3 billion from venture capital firms, as well as strategic and institutional investors across three and counting startups. What makes that figure even more remarkable is that investor appetite for his ventures shows absolutely no sign of cooling.
The Man Behind the Money
RJ Scaringe startup fundraising has followed a pace few can match. In 2025, Scaringe raised $105 million for a startup called Also an electric micromobility company the same year he founded it. That total has since surpassed $300 million, with DoorDash among its backers. Simultaneously, his industrial AI and robotics venture, Mind Robotics, has moved even faster: $115 million in its first year, $500 million in March 2026, and another $400 million just this week.
The secret behind the RJ Scaringe startup fundraising phenomenon, according to insiders, is not just ambition it is communication. Jiten Behl, partner at Eclipse and former chief growth officer at Rivian, described Scaringe as having “a very unique ability to communicate effectively” never underselling difficulty or overselling opportunity. Behl’s firm now leads rounds in both Also and Mind Robotics.
Rivian itself continues to attract major capital, including a $5.8 billion joint venture with Volkswagen Group and a robotaxi partnership valued at up to $1.25 billion with Uber. Meanwhile, Scaringe manages all three companies while traveling between Palo Alto, Irvine, Normal Illinois, and soon Georgia.
As Behl put it: “He doesn’t look at it as reaching his limit. His perspective is that there is huge value to be created, and he just has to do it.”
