Skip to content
Subscriber Only

Amazon Discloses 20% Stake in EV Maker Rivian as IPO Approaches

  • E-commerce giant stake in Rivian worth as much as $3.8 billion
  • Startup making first 10,000 electric vans for Amazon next year
Bloomberg business news
Rivian Ready to Go Public Valued at $53 Billion
Updated on
From Inc. owns a 20% stake in electric-vehicle maker Rivian Automotive Inc., the 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 approximately 20% ownership interest,” which will be valued on the balance sheet at $3.8 billion -- up from $2.7 billion at the end of 2020, Amazon said in the filing.