Rivian cut DOE loan to $4.5B and expanded initial Georgia plant capacity

Friends, a quick update from the EV sector: Rivian revised its DOE loan terms and increased capacity at its Georgia plant.

— Loan reduced from $6.6B to $4.5B; repayments begin earlier, in early 2027.
— Phase‑one capacity raised from 200,000 to 300,000 vehicles, lowering unit costs and creating a buffer for growth.
— A portion of output will serve R2 robotaxis for Uber; Uber invested $300M and ordered 10,000 units with an option for 40,000. R2 assembly has begun in Illinois; Georgia start targeted by end‑2028.

Why it matters: the move underscores Rivian’s focus on scaling and commercializing autonomous taxis.

What are your thoughts?

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