Does Jeff Bezos own Rivian?

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Rivian Automotive Inc. is an American electric vehicle automaker and automotive technology company founded in 2009 by Robert Scaringe popularly known as RJ Scaringe.

The company is headquartered in Irvine, California with a manufacturing plant in Normal, Illinois. It also has numerous facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Vancouver, British Columbia; Wittmann, Arizona; and Woking, United Kingdom.

Rivian went public in 2021 after a successful Initial Public Offer (IPO) where it raised over US$13.5 billion. The company faces strong competition from fellow American electric automaker, Tesla Inc.

Jeff Bezos, the wealthy and famous American billionaire owns 20 percent of Rivian Automotive Inc. through its flagship company, Amazon making him a shareholder. In fact, Jeff Bezos’ recent trip to space was all but seen as an advertisement for Rivian after he drove in an electric vehicle manufactured by the company.

Rivian, although short-lived, is already rocking shoulders with the world leader in the Electric Automotive industry, Tesla. Its successful IPO in 2021 means that, it has the wherewithal to undertake mind-blowing projects like any other competitor

Source: Vimbuzz.com

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