Volkswagen (VWAGY) has increased its stake in Rivian (RIVN) to 15.9% after buying more shares through a private placement. The move builds on the existing partnership between the two automakers, which includes a total planned commitment of $5.8 billion through 2027. The investment is being made in stages based on Rivian hitting certain milestones. Interestingly, Volkswagen first invested $1 billion in June 2024, which gave it an 8.6% stake.
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Since then, Volkswagen has continued adding to its position as Rivian reached more targets. Indeed, a second $1 billion investment came in mid-2025 after Rivian posted back-to-back quarters of gross profit. Then, in April, Volkswagen invested another $1 billion by buying 62,889,522 Class A shares at $15.90 each after Rivian successfully met new testing milestones.
However, it is worth noting that the partnership’s main focus is technology. In fact, Volkswagen is not planning to take over Rivian’s entire vehicle platform. Instead, it wants access to Rivian’s software platforms, zonal architecture, and electrical systems to use in its main Volkswagen brand, as well as its Scout trucks and Audi vehicles.
Is RIVN Stock a Buy or Sell?
Overall, analysts have a Moderate Buy consensus rating on RIVN stock based on 10 Buys, eight Holds, and four Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average RIVN price target of $18.09 per share implies 24.7% upside potential.
