Volkswagen Group is now Rivian\u2019s largest shareholder, after investing roughly $3 billion in the American startup, with another $2.8 billion on the way if things go according to plan. According to the latest SEC documents<\/a> filed by Rivian earlier this week, Volkswagen Group now owns 209.7 million shares of Rivian stock, which amounts to 15.9%, as spotted by TechCrunch<\/a>.<\/p>\n Photo by: Rivian<\/p>\n The German company\u2019s stake started out at 8.6% less than two years ago, and has now displaced Amazon, which has been Rivian\u2019s top shareholder for at least five years, and now owns a 12.28% stake in the EV startup. Amazon is also a huge customer for Rivian, ordering 100,000 electric delivery vans in 2019. The American e-commerce giant disclosed in 2021 that it held a 20% stake in the EV maker, but that number has gone down in recent years.<\/p>\n Volkswagen Group\u2019s stake is bound to increase as Rivian continues to tick off the remaining milestones in the two companies\u2019 agreement. In November 2024, Rivian and Volkswagen Group Technologies formed a joint venture that\u2019s focused on the development of electrical architecture and software for electric vehicles.<\/p>\n The German automaker has committed to invest $5.8 billion in the California startup, but the money will come gradually. The partnership came with a $1 billion investment, which was followed up with another $1 billion last year. Last month, another $1 billion was unlocked after the Volkswagen ID. Every1<\/a> city EV completed winter testing. The upcoming small EV will be the first production car equipped with the joint venture\u2019s software and electrical architecture.<\/p>\n \n \t\tWe want your opinion!\n\t<\/p>\n What would you like to see on Insideevs.com?<\/p>\n![\"Rivian](\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/05\/16x9-tr.png\")
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