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Home/News Feed/Volkswagen invests another $1B in Rivian after winter testing milestone for joint EV project
RIVN
$17.90
+$0.10 +0.56%

Volkswagen invests another $1B in Rivian after winter testing milestone for joint EV project

Company Fundamentals
27 Mar 2026
TechCrunch
View Source
Bullish
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Volkswagen Group has invested an additional $1 billion in Rivian following the completion of winter testing for the VW ID EVERY1, the first vehicle developed under their joint venture using Rivian's software and electrical systems. This investment includes about $750 million in equity and $250 million in equity or convertible debt. Volkswagen has already invested over $3 billion in Rivian and plans to provide more funding, including up to $1 billion in loans and another $460 million equity investment after the first joint venture vehicle launches. This funding supports Rivian's upcoming R2 SUV launch, which the company sees as crucial for rapid growth.

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