Amazon owns a 20 percent stake in Rivian | Engadget

That same year, it announced as part of its 2040 climate pledge it would purchase 100,000 electric delivery vehicles from Rivian. Amazon owns a 20 percent stake in electric transport startup Rivian, according to a recent SEC disclosure spotted by Bloomberg. In 2019, the retailer led a $700 million investment round in the automaker, contributing about $440 million to that total. Per Bloomberg, the company has prioritized manufacturing vans for Amazon at the expense of its consumer vehicles like the R1T and R1S. The first of those EVs, a cutesy van, began making deliveries in Los Angeles at the start of the year. That Amazon should own a fifth of Rivian is not surprising.
Amazon owns a 20 percent stake in electric transport startup Rivian, according to a recent SEC disclosure spotted by Bloomberg . As of September 30th, the company said the stake was valued at $3.8… [+988 chars]