Amazon – EV Trend

Edward Ludlow and Matt Day, Bloomberg »

Amazon.com Inc. owns a 20% stake in electric-vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Friday in a securities filing.

As of Sept. 30, Amazon held equity investments “including preferred stock of Rivian Automotive, Inc. representing an approximately 20% ownership interest,” which will be valued on the balance sheet at $3.8 billion — up from $2.7 billion at the end of 2020, Amazon said in the filing.

Crystal Tse and Edward Ludlow, Bloomberg »

Rivian Automotive Inc., the electric truck maker backed by Amazon.com Inc., is seeking to raise as much as $8.4 billion in an initial public offering that could give it a market value of as much as $53 billion.

Rivian said it plans to sell 135 million shares for $57 to $62 each, according to a filing Monday with the U.S. Securities and Exchange Commission, reaching that value at the top of the range based on the outstanding shares listed in its filing.

Amazon, Brooks Running, Frog Bikes, IKEA, Inditex, Michelin, Patagonia, Tchibo, and Unilever became the first to sign the 2040 Ambition Statement.

Bea Tridimas, Business Green

Nine leading multinationals have become the first companies to sign a new 2040 Ambition Statement and commit to transitioning their ocean freight vessels to zero carbon fuels by 2040, the Cargo Owners for Zero Emission Vessels (coZEV) this week announced.

CoZEV is a coalition of cargo owners, initiated by the not-for-profit Aspen Institute Energy and Environment Program, that brings together cargo owners and shipping operators to work to accelerate the decarbonisation of the shipping industry and deliver on corporates’ net zero emission supply chain commitments.

Justine Calma, The Verge »

“This will be a catalyzing force and a game-changer for the industry to really push for the decarbonization of the sector,” says Kendra Ulrich, shipping campaigns director at the environmental nonprofit Stand.earth, which was one of the authors of the 2019 import pollution report.

Tag: Amazon

Amazon owns 20% of Rivian

Michelin, Amazon, and others to leave fossil-fueled ships behind