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VW will invest up to $5 billion in Rivian as part of new EV joint venture
A big cash infusion for the EV startup.
The new venture was announced in a post from Rivian CEO RJ Scaringe, who noted the investment will help the company bring its next generation R2 electric vehicle to market starting in 2026. Scaringe said the partnership will bring Rivian’s new zonal architecture, available now through its refreshed second-generation R1 vehicles, as well as its software, to a “broader market.” Rivian recently became one of the few companies beyond Tesla to use a zonal architecture for its vehicles that rely on fewer electric control units than usual. The plan was to use Rivian’s battery pack and electric motor setup in a Ford or Lincoln branded SUV.
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