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Rivian spinout raises $150M for autonomous small EV development.

PRIVATEAug 19, 2026•about 3 hours ago

Amount Raised

$150 Million

Round Type

Venture - Series Unknown

Palo AltoManufacturingAutomotive

Description

Rivian spinout has secured $150M in funding to enhance its autonomous small electric vehicles. This new capital will enable the company to accelerate its technology and production capabilities. The funding aims to support their vision in the EV market. Further details on the investors are still awaited.

Company Information

Company

Rivian Automotive and Volkswagen Group

Location

Palo Alto, California, United States

About

Rivian Automotive and Volkswagen Group have formed a new joint venture to collaborate on next-generation electrical architecture and software technology for electric vehicles.

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