Amazon holds 20% stake in Irvine-based Rivian as IPO nears
Amazon holds 20% stake in Irvine-based Rivian as IPO nears
By Ed Ludlow and Matt Day | Bloomberg
Amazon.com owns a 20% stake in electric-vehicle maker Rivian Automotive, the Irvine-based startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Friday in a securities filing.
As of Sept. 30, Amazon held equity investments “including preferred stock of Rivian Automotive Inc. representing an…