Amazon said it owned 5.2% of Aurora innovations. Aurora innovation is a self driving vehicle technology company based in Pittsburgh, which was jointly launched by special purpose acquiring company (SPAC) in November last year.
The Seattle based technology giant disclosed Aurora’s shares in a securities and Exchange Commission filing Wednesday afternoon. Amazon first invested in Aurora in February 2019. In December 2020, it sold its autopilot to Aurora, which owns 26% of the company.
Amazon’s stake in Aurora is part of a broader investment in transportation companies. In a separate document on Wednesday afternoon:
Amazon said it owns a 20 per cent stake in the air transport services group, which operates dozens of its cargo aircraft. Amazon first invested in air transportation in March 2021.
The company holds an 18.1% stake in Riviera, a maker of electric freight vehicles. The company had previously disclosed that its stake in Riviera was “about 20% ownership interest”
Amazon has ordered 100000 electric vehicles from Riviera for package delivery.
