Rivian Secures $4.5 Billion US Loan for Georgia Plant
Rivian will receive a $4.5 billion US loan to speed up its Georgia plant. The firm also beat revenue estimates and reaffirmed its annual delivery goals.
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RIVIAN AUTOMOTIVE INC-A secured a $4.5B United States Department of Energy loan to accelerate construction of its Georgia manufacturing facility. The loan is $2.1B lower than the $6.6B approved in late 2024 but provides capital in a single phase starting in 2027. Faster access to federal funding supports the launch of the R2 SUV, Rivian's primary driver for mass-market profitability.
