🤝 Rivian and Volkswagen pair up to Accelerate EV Technology. This joint venture will develop next-gen electrical architecture and software technology. The partnership is expected to advance the development of software for both companies, lower costs, and increase innovation globally. The deal is expected to be a $5 billion investment in total for VW.

🕺Rivian’s CEO, RJ Scaringe, said: “We’re very excited to be partnering with Volkswagen Group. Since the earliest days of Rivian, we have been focused on developing highly differentiated technology, and it’s exciting that one of the world’s largest and most respected automotive companies has recognized this”. -Rivian Newsroom

🚗 The joint venture aims to launch vehicles benefiting from the technology created within the joint venture in the second half of the decade. In the short term, Volkswagen Group is expected to utilize Rivian’s existing electrical architecture and software platform.

The Rivian R3 closely resembles an ’80s Golf when it was revealed on May 7th- it’s no surprise that they got together with VW. 😉

Go electric ✌🏼