Is Rivian Owned by Amazon?

Rivian is an American automotive company founded in 2009 and headquartered in Plymouth, Michigan. It designs, manufactures and sells electric vehicles.

The company has received significant investments from Amazon and Ford Motor Company. Rivian was the first American automotive startup to receive a $1 billion investment from a major automaker.

Rivian’s main focus is on electric vehicles, particularly pickup trucks and SUVs. It has developed an all-electric vehicle platform which it intends to use for a variety of different vehicles.

The company has revealed two vehicles so far: the R1T pickup truck and the R1S SUV. Both vehicles offer up to 400 miles of range on a single charge and feature advanced driver-assist technology such as Autopilot-style lane keeping and adaptive cruise control.

The company has been backed by Amazon since February 2019 when it announced an investment of $700 million. This was followed by a further $500 million investment from Ford Motor Company in April 2019. The investments have been used to help Rivian develop its electric vehicle platform, production facility in Normal, Illinois, and retail network across the United States.

Rivian is not owned by Amazon, but rather it is majority owned by its own investors who include Amazon and Ford Motor Company. However, these companies have significant influence over Rivian due to their investments in the company as well as their strategic partnerships with it. In addition to this, they both benefit from having access to Rivian’s technology which they can then use for their own electric vehicle projects such as Amazon’s recently announced delivery van project with Rivian being its partner for the development of the vans’ powertrains and components.

Conclusion:

Despite Amazon’s large financial investment into Rivian, they do not own the company outright – this would be against regulations set forth by the SEC (Securities & Exchange Commission). Rather, they are part of a consortium of investors that hold majority ownership over Rivian while also having some leverage due to their strategic partnerships with the company – giving them access to Rivians’ technology for their own projects.