Rivian secures $1 billion Volkswagen term loan facility
Rivian Automotive received $1 billion in funding via a committed 10-year term loan facility from Volkswagen, tied to their joint-venture agreement.
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09:06:18 PM UTC
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Rivian Gets $1 Billion of Funding From Volkswagen
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.