Amazon.com Inc. owns a twenty p.c stake in electric powered-car or truck maker Rivian Automotive Inc., the startup with which it has put an purchase for a hundred,000 battery-run supply vans, the e-commerce big disclosed Friday in a securities submitting.
As of Sept. thirty, Amazon held fairness investments “such as most well-liked stock of Rivian Automotive, Inc. symbolizing an somewhere around twenty p.c possession desire,” with a carrying value of $three.eight billion — up from $two.seven billion at the conclusion of 2020, Amazon mentioned in the submitting.
Irvine, California-centered Rivian had disclosed in a seperate submitting earlier this yr that Amazon had invested extra than $1.three billion in the automaker and held practically one hundred fifty million shares of most well-liked stock. On the other hand, Amazon’s voting electrical power as a share was redacted.
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