Amazon Confirms Huge Investment in EV Maker Rivian

Feb 16 2019 by Motor Trend Blog

 

One day after Amazon saved itself untold millions—or more likely billions—of dollars by cancelling its secondary headquarters in Long Island City, Queens, the online retail giant confirmed it was the leading contributor to a $700 million round of investment in 10-year-old electric truck start-up Rivian.

“We’re inspired by Rivian’s vision for the future of electric transportation,” Amazon Worldwide Consumer CEO Jeff Wilke said in a prepared statement. “RJ [Scaringe, Rivian CEO]...

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