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Rivian Automotive Secures $1 Billion Term Loan from Volkswagen Group
PUBLIC · RIVNOct 07, 2026
Amount Raised
$1 Billion
Round Type
Debt Financing
United StatesManufacturingTransportationAutomotiveElectric Vehicle
Investors
Volkswagen Group
Description
On October 7, 2026, Rivian Automotive, Inc. announced it has secured a committed $1.0 billion, 10-year term loan facility from Volkswagen Group. This facility, which is non-recourse to the Company, has a fixed interest rate of 6.03% per annum. The loan is secured by Rivian's 50% equity interest in the joint venture owned by Rivian JV SPC, LLC.
Company Information
Company
Rivian
Location
United States
About
Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers.
Fundz sees it the moment Rivian raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
United StatesManufacturingTransportationAutomotiveElectric Vehicle