Volkswagen Dethrones Amazon as Rivian's Top Owner in $1 Billion Software Bet
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A giant in e-commerce has just lost the first place in the capital of an American electric car manufacturer. As a result, a new cheque of about $1 billion signed by a large European car group, which is fighting the cards around a declared rival of Tesla. From now on, Volkswagen is Rivian's first shareholder, ahead of Amazon. According to documents deposited with the US Securities and Exchange Commission, the SEC, and taken over by the media Tech…
Volkswagen Becomes Rivian’s Largest Shareholder Following Expanded Joint Venture Investment
Volkswagen Group has overtaken Amazon as the largest shareholder in Rivian, according to newly filed documents with the U.S. Securities and Exchange Commission. Volkswagen Stake Nearly Doubles In Less Than Two YearsVolkswagen Group’s ownership stake in Rivian has increased from 8.6% to 15.9% since the companies began collaborating on a software and electrical architecture partnership. The increase is tied to the Rivian and Volkswagen Group Techn…
Volkswagen is investing a further billions in Rivian. Is the coercive marriage between e-car manufacturers doomed to failure – or is it still going to be a success?
Volkswagen Dethrones Amazon as Rivian's Top Owner in $1 Billion Software Bet
Volkswagen Group has seized the crown from Amazon as Rivian’s largest shareholder. The German automaker snapped up 62.9 million shares at $15.90 apiece on April 30, a $1 billion private placement that pushed its stake to 15.9%, or 209.8 million shares total. Amazon’s holding? Diluted to 11.8% without selling a single share. The Next Web broke the news from fresh SEC filings, highlighting how Rivian’s capital raises have reshaped its ownership. T…
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