AmazonFriday announcedRivian Automotive is a large stake owned by the Retail giant. It’s a start up that develops electric cars, as well as commercial delivery vans.

Amazon had equity investments as of September 30, 2021, including preferred stock of Rivian Automotive, Inc., which represented an approximately 20% ownership stake. The company revealed in an SEC filing that the carrying value was $3.8 billion, an increase of $2.7 billion from Dec. 31, 2020. Rivian disclosed earlier in the month that Amazon has made investments in Rivian totaling more than $1.3B.

Rivian was published earlier in the month. filed its IPO prospectusIt stated that it intends to list its shares on Nasdaq with the ticker symbol RIVN. This filing provided new information about Rivian’s relationship with Amazon. Rivian will likely hold its IPO on November.

Rivian claimed that Amazon owns some exclusive rights to Rivian’s electric delivery vehicles, at minimum for four years. The right of first refusal is available afterward. Amazon ordered 100,000 cars by 2030. Rivian will soon have 10,000 of its electric delivery vehicles on the roads.

Ford MotorsRivian is also a part of which he holds more than 5%. Ford executive Alexandra English left the Rivian boardIn a Securities Filing earlier in the month, the company disclosed that it had made a May filing.

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