Rivian (RIVN) has completed winter testing of the VW ID. EVERY1, the first vehicle from its joint venture with Volkswagen (VWAGY) to use Rivian’s software and electrical architecture, triggering a $1B investment from Volkswagen, Sean O’Kane of TechCrunch reports. The funding includes $750M in equity and $250M in either equity or convertible debt, contingent on the prototypes supplied for testing.
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