How much of Rivian is owned by Amazon?

Amazon owns roughly 18% of the equity in Rivian as part of a deal to procure 100,000 electric delivery vans. The e-commerce giant is presently carrying a value of $15.6 billion on its books, according to company filings.

How many Rivian shares does Amazon own?

About 720 million Rivian shares are estimated to have become eligible for sale as the market opened. The company had a float of about 182.5 million shares as of April 11, according to Bloomberg data. Amazon owns about 17.7% of Rivian, while Ford owns 11.4%.

Is Rivian still backed by Amazon?

Stellantis will use Amazon Web Services and other Amazon technology to develop new smart cockpit software. Amazon will be the first commercial customer of Stellantis' Ram ProMaster battery-electric vehicle when it arrives in 2023.

How much does Amazon invest in Rivian?

In an SEC filing, the EV company revealed that Amazon has invested more than $1.3 billion in Rivian to date. As of September 30, Amazon disclosed its equity investments to be worth $3.8 billion, “including preferred stock of Rivian Automotive Inc. representing an approximately 20% ownership interest” at the time.

Who has ownership of Rivian?

Rivian founder and CEO RJ Scaringe bought 41,000 shares of company stock worth about $1 million, a securities filing posted Monday afternoon shows. The latest proxy filing, which pre-dated this purchase, shows Scaringe owns 11.99 million shares of class A stock, or about 1.3%, and 7.82 million class B common stock.

What happened to Amazon's Deal with Rivian?

How much of Rivian does Ford own?

Amazon owns about 17.7% of Rivian, while Ford owns 11.4%. Amazon was not expected to sell, Bloomberg reported.

What percent stake does Ford have in Rivian?

Ford unloaded a total of 15 million Rivian shares, worth about $400 million, in two rounds of transactions last week, according to regulatory filings. The sales left Ford with about 87 million shares, or a 9.7 percent stake, in Rivian, down from 11.3 percent in April.

Who are the biggest investors in Rivian?

Amazon is Rivian's largest investor, with a 22.4% stake in the company, while T. Rowe Price has the second-largest share, representing an 18.8% stake.

How big is Amazon's stake in Rivian?

On Wednesday, Ford took a $5.4 billion loss on its 12% stake in Rivian. Amazon has a roughly 18% stake, according to FactSet, investing a total of more than $1.3 billion into the company.

How much did Jeff Bezos invest in Rivian?

Two years ago, Amazon led an investment of $700 million in Rivian and announced it was ordering 100,000 of its electric vans. At the time, the EV field was crowded with upstart brands such as Nikola, Lordstown and Fisker, all of which were vying to position themselves as the next big thing.

Can Amazon sell Rivian stock?

The electric vehicle (EV) maker's stock price is falling on the news that Ford (NYSE:F) is selling eight million of the 102 million Rivian shares it owns. Some speculation suggests Amazon (NASDAQ:AMZN) — which holds approximately 158 million shares (18%) — could also be selling some of its holdings.

Did Amazon sell their Rivian stock?

Indeed, in its statement to Bloomberg Amazon said that it was “committed” to work with Rivian to put those electric delivery vehicles on the road by 2030. Abdul Latif Jameel, a Saudi Arabia-based group and an investor in Rivian, said it has no plans to sell shares.

Is Rivian in trouble?

Rivian detailed persistent problems in obtaining semiconductors and other parts. Since the end of March, the company said, the shortages have forced it “to stop production for longer periods than anticipated, resulting in approximately a quarter of the planned production time being lost due to supplier constraints.”

Why did Ford sell Rivian shares?

When asked about reasons for sales, Ford told Barron's in an emailed statement that the company “was to monetize some of the gains” on its Rivian investment. That, of course, is another good reason for the company to sell part of its stock.

Who is backing Rivian?

Rivian is backed by Amazon.com Inc AMZN 3.58%▲. and Ford Motor Co., F 3.89%▲ and recently began selling its first all-electric pickup truck—a model that targets well-established names such as the Ford F-150 and General Motors Co.'s Chevrolet Silverado.

Who is invested in Rivian?

Rivian said Friday it closed a $2.5 billion funding round, led by existing investors Amazon, Ford and T. Rowe Price. The electric vehicle start-up said it has raised about $10.5 billion since 2019.

Is Rivian a Chinese company?

Rivian Automotive, Inc. is an American electric vehicle automaker and automotive technology company founded in 2009.

Who made money on Rivian IPO?

The winning investors of Rivian's IPO include Amazon, Ford, and an investor that built its fortune on selling gasoline-powered cars in Saudi Arabia, according to data from CrunchBase. The e-commerce giant made waves when it invested in Rivian in 2019 and ordered up to 100,000 electric delivery vans from the EV startup.

Does Ford own shares in Rivian?

“We sold 8 million shares, representing just under 8% of our investment in Rivian,” said a Ford spokesman in an emailed statement when asked about the remaining 94 million shares. “We think it's prudent at this point to monetize a small portion of the investment.”

Is Rivian worth more than Ford?

The $100bn car company you may not have heard of: It's never made a profit... but electric truck-maker Rivian is worth more than GM and Ford.

How much did Ford lose on Rivian?

Both Ford and Amazon lost big due to a stake in Rivian stock. Ford lost some $3.1 billion after previously being profitable. The media recently reported that Ford will sell 8 million of its shares in Rivian.

Why is Rivian worth more than Ford?

Rivian's Strong Backers

Much of Rivian's value comes from its strong backers. Amazon has invested over a billion dollars in the EV startup and ordered 100,000 electric delivery trucks to help reduce the carbon footprint associated with the massive amount of shipping that the e-commerce giant manages.

Could Rivian be as big as Tesla?

Key Data Points. Rivian shares may never have the phenomenal returns Tesla stock has provided. But the company has a good base of orders and plans to be able to ramp up to large-scale production with a total planned capacity of 600,000 annual units. Like Tesla in its early years, it must overcome the early challenges.

Will Rivian fail?

Given all of the headwinds discussed, does that mean that Rivian is doomed to fail? Probably not. But, Rivian is one of thousands of unprofitable growth companies that have seen their valuations re-rated in the last few months, many of which have seen haircuts of 80% or higher.