VW ups investment with Rivian to $5.8B, forms technology joint venture

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VW Group and Rivian form technology joint venture focused on electrical architecture and software development.

First Rivian to use jointly developed systems will be R2 due in 2026Volkswagen Group has decided to deepen its ties with U.S. electric vehicle startup Rivian, with the two companies announcing on Tuesday increased investment for their previously announced, with the funding to be supplied by VW Group over a period of years and Rivian in return delivering its expertise in electrical architecture and software development..

Both companies are open to further collaboration down the road in areas such as batteries, whole vehicle platforms, and joint production, but said this will need to be in addition to the announced joint venture deal.

 

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