Amazon holds 20% stake in Irvine-based Rivian as IPO nears - NewsBreak

Amazon.com owns a 20% stake in electric-vehicle maker Rivian Automotive, the Irvine-based 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....