Rivian secures up to $5 billion from Volkswagen, shares soar 40%
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![Rivian secures up to $5 billion from Volkswagen, shares soar 40%](https://media-cldnry.s-nbcnews.com/image/upload/t_fit_1500w/rockcms/2024-06/240625-Rivian-ew-542p-1c923c.jpg)
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.