Volkswagen overtakes Amazon as Rivian’s (RIVN) largest shareholder with 15.9% stake

Volkswagen now owns 209.8 million shares of Rivian (RIVN), representing a 15.9% stake in the EV startup, according to a new SEC filing. The German automaker has overtaken Amazon as Rivian’s single largest shareholder for the first time since the company’s 2021 IPO. The stake increase came after V