Volkswagen Becomes Rivian's Largest Shareholder

[Capital Layout] Volkswagen has invested USD 5.8 billion to become Rivian's largest shareholder, holding a 15.9% stake.

Key Development: Volkswagen Overtakes Amazon as Top Shareholder

Volkswagen Group of Germany has increased its stake in Rivian from 8.6% to 15.9% through continued investment, surpassing Amazon, which holds 12.28%, to become the largest single shareholder. A critical step was the USD 1 billion private placement completed on April 30.

Strategic Foundation: Joint Development of Software and Electronic Architecture

The two companies established a joint venture, RV Tech, in November 2024, focusing on next-generation electrical/electronic (E/E) architecture and in-vehicle software. Volkswagen’s USD 5.8 billion investment is being released in stages tied to technical milestones; the first three tranches totaling USD 3 billion have already been invested, with the remaining funds to be unlocked as production ramps up.