# VW now holds 15.9 per cent of Rivian, while Amazon’s stake has diluted from 20 per cent to 11.8 per cent without selling a share.

*fintech · news · 2026-05-05 · TNW*

## Key points

- Volkswagen has overtaken Amazon as Rivian’s largest shareholder with a 15.9% stake after a $1B investment.
- VW's investment was triggered by the joint venture achieving winter testing of zonal software architecture.
- VW's failed CARIAD software division forced it to rely on Rivian for next-generation vehicle software.
- Amazon’s stake fell to 11.8% without share sales due to dilution, signaling shifting strategic priorities.
- VW will use Rivian’s software platform across Volkswagen, Audi, Porsche, and Scout brands into the next decade.

**Companies:** Volkswagen, Amazon, Rivian
**Countries:** United States, Germany

[Read the full story on TNW](https://thenextweb.com/news/volkswagen-rivian-top-shareholder-amazon-software)

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