---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-256108"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:16:45.261174+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Rivian and Volkswagen form 50/50 JV; VW pays $1.32B cash, commits up to $2.46B equity investment

## Summary
- VW pays $1.32B cash for 50% JV stake; Rivian contributes IP and $30M working capital.
- VW will invest up to $2.46B in Rivian stock across three tranches, including $1B at 33% premium in mid-2025 subject to milestones.
- Additional tranches: up to $1B based on Testing Milestones, and $460M for $250M stock (84% premium) by early 2028.
- JV gets $1B loan from VW SPV; Rivian SPV gets $1B back-to-back loan from JV, distributable to Rivian, available Oct 2026.

## SEC filing metadata
- accession: 0001193125-24-256108
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000119312524256108/0001193125-24-256108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000119312524256108/d812333d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-256108
- JSON: https://secwatch.observer/filing/0001193125-24-256108.json
- Plain text: https://secwatch.observer/filing/0001193125-24-256108.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.