Volkswagen is committing up to $5.8 billion to the joint venture through 2027, starting with an initial $1 billion investment in the form of convertible notes. At launch, VW will also invest about $1.3 billion for intellectual property licenses and a 50% equity stake, with further investments tied to development milestones.

Shares of Rivian jumped over 13% in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian,

The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.

Rivian Automotive’s recent joint venture (JV) announcement with Volkswagen (ETR: VOWG_p) Group marks a promising new chapter for the electric vehicle maker, acc

Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.

Volkswagen will invest up to $5.8 billion in Rivian stock and a joint venture—up from a $5 billion deal value envisaged when the collaboration was announced in June. Rivian stoc

The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, leadership and financial structure.