Morningstar

Rivian Gets $1 Billion of Funding From Volkswagen

Provided by Dow Jones Oct 7, 2026, 9:06:00 PM

By Katherine Hamilton

Rivian Automotive received funding from a committed $1 billion term loan facility from Volkswagen.

The auto maker entered into the 10-year term loan facility with Volkswagen in connection with the two companies' joint-venture agreement, according to a Securities and Exchange Commission filing on Wednesday.

The facility is non-recourse to Rivian and carries a 6.03% per annum fixed interest rate. It is secured by the 50% equity interest in the joint venture.

Rivian and Volkswagen's joint venture is focused on developing future vehicle technologies.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

October 07, 2026 17:06 ET (21:06 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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