Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat
Rivian announced on Wednesday a $5.8 billion investment from German automaker Volkswagen as part of a joint venture, driving the Amazon-backed electric truck maker’s stock up over 15% on Wednesday. The funding is a much-needed boost after Rivian posted a
The post Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat first appeared on Tech Startups.
Rivian announced on Wednesday a $5.8 billion investment from German automaker Volkswagen as part of a joint venture, driving the Amazon-backed electric truck maker’s stock up over 15% on Wednesday. The funding is a much-needed boost after Rivian posted a […]
The post Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat first appeared on Tech Startups.