Rivian Gets $1B from Volkswagen Amid Slumping EV Sales

Volkswagen gives Rivian another $1B as EV sales drop 23% and future targets shrink. Can Rivian survive the storm?

Matilda

Rivian Gets $1B from Volkswagen Amid Slumping EV Sales

Volkswagen investment in Rivian provides critical funding Rivian has officially secured the next $1 billion tranche from Volkswagen, a lifeline that could help stabilize the electric vehicle (EV) startup amid declining sales and growing market challenges. This funding, delivered through a share sale, is part of a broader $5.8 billion joint venture announced in 2024 between Rivian and the German auto giant. While the partnership focuses on developing next-generation EV technology, this latest financial infusion arrives just as Rivian reported a troubling 23% drop in vehicle deliveries in Q2 2025 compared to the same period last year. Image Credits:Rivian The drop in Rivian sales comes as the company continues to struggle with high production costs, trade barriers, and weakened consumer demand. The company delivered just 10,661 EVs this past quarter—a modest gain over its Q1 numbers, but still significantly behind previous years. Even if Rivian meets the upper end of its revised 2025 deliv…

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