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InsideEVs
InsideEVs
Technology

Plot Twist: Volkswagen Is Now Rivian’s Biggest Shareholder

  • After more than five years, Amazon has lost the top spot on Rivian’s shareholder list.
  • A huge legacy automaker is now the California startup’s biggest shareholder.
  • Rivian’s largest backer has committed to invest nearly $6 billion as long as things go according to plan.

Rivian, the California EV maker that brought us the fantastic R1S and R1T, and is now working around the clock to deliver the more affordable R2 SUV, has a new company at the top of its shareholder list.

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