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Rivian, Volkswagen

Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish

Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant Volkswagen (OTC: VWAGY) will invest billions in the California-based upstart.

Volkswagen raises investment in Rivian to $5.8 billion

Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle architecture and software.

TechCrunch on MSN · 1d

The Rivian-Volkswagen joint venture deal is now up to $5.8B

Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.

autoevolution1h

Rivian Achieved in Three Months What Volkswagen Couldn't Do in Years of Spending Billions

Rivian and Volkswagen announced their joint venture, but the bigger news is how the EV startup convinced the legacy ...

21h

Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture

Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as ...

53mon MSN

VW And Rivian Team Up To Develop EV Tech for 2027 Launch

Volkswagen originally promised a $5 bn deal to collaborate on software and architecture, but announced it was upping its ...

1d

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, ...

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