•1 min read•from TechCrunch
Rivian gets another $1B from Volkswagen
Our take
Rivian has secured an additional $1 billion investment from Volkswagen, reinforcing their strategic partnership aimed at integrating Rivian's innovative technology into Volkswagen's electric vehicles. This collaboration highlights a shared vision for advancing the electric mobility landscape, as both companies work together to create accessible and efficient EV solutions. With this funding, Rivian is poised to enhance its capabilities, driving forward the future of sustainable transportation and empowering consumers with superior electric vehicle options that prioritize performance and user experience.
The two companies have been collaborating on a joint venture that would see Rivian tech go in VW's EVs.
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