RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2023

Revenues

In February 2019, the Company entered into a commercial letter agreement with Amazon.com, Inc. and its affiliates (“Amazon”), and in September 2019, the Company entered into a related framework agreement with Amazon Logistics, Inc. (“Logistics”). The Company refers to these agreements, together with any work orders, purchase orders, related agreements, and amendments thereunder or thereto, collectively, as the “EDV Agreement.” Under the EDV Agreement, the Company and Logistics have agreed to collaborate to design, develop, manufacture, and supply EDVs and/or certain component parts and related services for use in Amazon’s last mile delivery operations. The Company recorded $72 million in revenues from Amazon for the three months ended March 31, 2023, within “Revenues” in the Condensed Consolidated Statements of Operations, primarily related to the sale of EDVs in accordance with the EDV Agreement. As of December 31, 2022 and March 31, 2023, the uncollected amounts related to these revenues in “Accounts receivable, net” on the Condensed Consolidated Balance Sheets were $60 million and $76 million, respectively.

Operating Expenses

The Company obtained prototyping, engineering, and other research and development (“R&D”) services from a wholly-owned subsidiary of Ford Motor Company (“Ford”). Until May 2022, Ford was a principal stockholder and related party of the Company as a beneficial owner of more than 10 percent of the Company’s voting interests. The expense for services from Ford that the Company recognized in “Research and development” in the Condensed Consolidated Statement of Operations was not material through that time. Ford is no longer a related party.

The Company obtains data services, including hosting, storage, and compute from Amazon. During the three months ended March 31, 2022 and 2023, expenses related to these services were not material. As of December 31, 2022 and March 31, 2023, the unpaid amounts related to these services were not material.

In May 2023, the Company amended the agreement for these data services which included unrecognized commitments that require the future purchase of services (“unconditional purchase obligations”). Future payments under this unconditional purchase obligation are as follows (in millions):


	Future Payments
2023	$	42
2024	62
2025	65
2026	69
2027	72
2028	22
Total	$	332