Rivian was saved by software in 2025
TechCrunch • • business
Key Points:
- Rivian's total revenue grew 8% to $5.38 billion in 2025, driven mainly by a more than threefold increase in software and services revenue to $1.55 billion, largely due to a joint venture with Volkswagen Group.
- Automotive revenue declined 15% to $3.8 billion, impacted by a $134 million drop in regulatory credit sales and lower vehicle deliveries, partially offset by higher average selling prices.
- The Volkswagen joint venture, formed in 2024 and valued at up to $5.8 billion, generated a $1 billion payout for Rivian in 2025, with additional payments expected through 2027 contingent on milestones like winter testing.
- Rivian plans to launch
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