Get the latest tech news
The Rivian-Volkswagen joint venture deal is now up to $5.8B
The Rivian-Volkswagen joint venture has been finalized — and it's bigger than previously announced.
Rivian and Volkswagen Group have finalized a multi-billion-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. Rivian gets a needed injection of capital and the potential of diversifying its business, while VW Group gains a next-generation electrical architecture and software for EVs that will help it better compete. Last month at Disrupt 2024, Bensaid described the joint venture as an opportunity for Rivian to bring its software to multiple brands, including the VW spinoff Scout.
Or read this on TechCrunch
