# Rivian and Volkswagen Group launch joint venture for EV software

Rivian and Volkswagen Group have entered into a transaction agreement to create a joint venture, Rivian and Volkswagen Group Technologies, with a total deal size of up to $5.8 billion. The JV will develop next-generation electrical architecture and software for future electric vehicles.

- Type: Partnership
- Announced: 2024-11-12
- Where: Irvine, California, United States
- Value: $5.80B
- Status: announced
- Products: electric vehicle software, electrical architecture
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (partner)
- [Rivian Automotive](https://endata.com/companies/39516.md) (partner)

## Sources

- [volkswagen-group.com](https://www.volkswagen-group.com/en/press-releases/faster-leaner-more-efficient-rivian-and-volkswagen-group-announce-the-launch-of-their-joint-venture-18828), 2024-11-12: "The partnership with Rivian is the next logical step in strengthening our global competitive and technological position."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.