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Amazon reveals 20% stake in US EV-maker Rivian ahead of its IPO
short by Aishwarya Awasthi / on Saturday, 30 October, 2021
Amazon has announced a 20% stake in US-based EV-maker Rivian that filed for an IPO earlier this month. The e-commerce firm has invested more than $1.3 billion in Rivian to date, Rivian said in a securities filing earlier this month. As of September 30, Amazon held equity investments, including preferred stock of Rivian that represented about 20% ownership interest.
read more at TechCrunch