The EV company and VW agreed to a partnership in June that could provide Rivian with around $5 billion in capital in the coming years.

VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader aspirations than initially announced for the operations. VW's capital to Rivian isn't guaranteed,

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.