Amazon discloses 20% stake in EV maker Rivian
Amazon.com Inc, an early backer of Rivian Automotive, now owns about a fifth of the electric-truck maker, the e-commerce giant disclosed in a quarterly filing on Friday.
Ford Motor Co, which has a strategic relationship with Rivian, removed a representative from the startup’s board earlier this month.
At the end of the third quarter, Amazon had an equity interest of about 20% in Rivian, according to the filing.
