Rivian gets another $1B from Volkswagen
In Brief Posted: 8:47 AM PDT · March 27, 2026 Image Credits:Volkswagen Group Sean O’Kane Rivian gets another $1B from Volkswagen Winter testing has been completed for the VW ID EVERY1, the first vehicle under a joint venture between Rivian and Volkswagen Group to be equipped with the EV maker’s software and electrical architecture. That’s not just progress toward getting this vehicle into customers’ hands; it also unlocks another $1 billion investment from Volkswagen Group into Rivian. About $750 million is coming in the form of an equity investment. The other $250 million is either equity or convertible debt, depending on which prototypes Volkswagen Group provided to Rivian for testing. (The companies did not make this immediately clear.) The German…
