# Rivian

> Public electric-vehicle and automotive-software company producing the R1, R2 and commercial van platforms.

## Why it is interesting

Rivian combines a consumer EV brand, vertically integrated vehicle software and a strategic technology joint venture with Volkswagen. The October 2026 loan is notable because it delivers $1 billion of non-dilutive liquidity at a 6.03% fixed rate while ring-fencing creditor recourse to Rivian's 50% joint-venture stake. Its investment case depends on converting that runway into an efficient R2 production ramp before large principal repayments begin.

## Profile

- **Latest funding:** Strategic equity investment — $1 billion (June 30, 2025)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $16B
- **Stage:** public
- **Status:** public
- **Industries:** climate-tech
- **Coverage:** full
- **Last updated:** 2026-10-11
- **Latest funding investors:** Volkswagen Group

## Key facts

- Volkswagen's $1 billion, 10-year term-loan commitment was fully funded on October 7, 2026.
- The Rivian-facing loan carries a 6.03% fixed annual rate, matures October 7, 2036 and is non-recourse to Rivian Automotive.
- The loan is secured only by Rivian's 50% equity interest in its Volkswagen joint venture.
- Annual $100 million principal amortization begins in October 2029; the remaining balance is due at maturity.
- Rivian's November 2021 IPO generated $13.53 billion of net proceeds, according to its SEC filings.

## Funding history

- Non-recourse term loan · $1 billion · October 7, 2026
  Source: https://www.sec.gov/Archives/edgar/data/1874178/000187417826000061/rivn-20261007.htm
- Strategic equity investment · $1 billion · June 30, 2025
  Source: https://rivian.com/newsroom/article/rivian-and-volkswagen-group-announce-the-launch-of-their-joint-venture
- Volkswagen convertible note · $1 billion · June 25, 2024
  Source: https://rivian.com/newsroom/article/rivian-and-volkswagen-group-announce-plans-for-joint-venture
- Initial public offering · $13.53 billion net proceeds · November 15, 2021
  Source: https://www.sec.gov/Archives/edgar/data/1874178/000187417823000009/rivn-20221231.htm

## Related articles

- https://venturecapitaltracker.com/rivian-1b-volkswagen-term-loan-6-03

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 11, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/rivian