The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

According to a Tuesday announcement, Rivian and Volkswagen have entered into a joint venture and will create the Rivian and Volkswagen Group Technologies company, aimed at bringing next-generation electrical architecture and best-in-class software technology for both of the companies’ future electric vehicles.

The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.

Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to

Rivian and Volkswagen Group launched on Tuesday the joint venture they had announced in June, valued at $5.8 billion, to share software and electric vehicle architecture. The joint venture aims to integrate advanced electrical infrastructure and Rivian's software technology for future electric vehicles of both companies,

Rivian and VW's joint venture will be used to produce Rivian R2s and VW's Scout EVs.The Latest Tech News, Delivered to Your Inbox

Rivian Automotive is getting more cash from Volkswagen, sending shares of the electric-vehicle company higher early Wednesday.VW and Rivian agreed to a partnership in June that could provide the EV start-up with some $5 billion in capital in the coming years.