DOE Announces $6.57 Billion Loan to Rivian to Support the …
2 days ago · As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $6.57 billion loan ($5.975 billion of principal and $592 million of capitalized interest) to Rivian New Horizon, LLC to finance the development and construction of Project Horizon, an electric vehicle (EV) manufacturing ...
Rivian Financing & Payment Options - Customer Support
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Rivian finalizes $6.6B loan for its Georgia factory | TechCrunch
12 hours ago · The loan comes in two tranches, which Rivian says it will use to fund the two stages of buildout it’s planning in Georgia. Rivian can borrow up to $3.35 billion in the first tranche, and up to ...
Rivian Finalizes $6.6 Billion Loan Agreement with U.S. Department …
14 hours ago · With eliminating around $600 million in capitalized interest, Rivian said the loan would be divided in two phases: $3.4 billion for the first phase and $2.6 billion for the second phase.
Rivian $6.57 billion federal loan funding approved for Georgia ...
13 hours ago · ATLANTA — Electric vehicle manufacturer Rivian was approved for a $6.57 billion federal loan to help it restart construction on a Georgia manufacturing facility to be built in Social Circle.
$6.6 billion federal loan for Rivian’s Georgia plant finalized
21 hours ago · The U.S. Department of Energy gave final approval Thursday to electric vehicle maker Rivian for a $6.6 billion loan to support its stalled Georgia factory, a huge infusion of cash intended to ...
Rivian Stock Rises as EV Maker Finalizes $6.6B DOE Loan to Build ...
11 hours ago · Rivian Automotive shares rose Friday, a day after the electric vehicle maker announced it had finalized a federal loan worth up to $6.6 billion to build a factory in Georgia.
Rivian and U.S. Department of Energy Finalize Loan Agreement
Rivian and U.S. Department of Energy Finalize Loan Agreement to Support Future Georgia Manufacturing Site
Biden administration to loan $6.6B to EV maker Rivian | AP News
Nov 26, 2024 · ATLANTA (AP) — President Joe Biden’s administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
Rivian receives conditional commitment from DOE for $6.6B for …
Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program
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