Volkswagen (VW) and US-based electrical car (EV) startup Rivian Automotive have emerged as trending corporations among the many influencers on social media platform “X,” following the German automaker’s announcement of a strategic funding of as much as $5 billion in Rivian. This partnership is perceived as mutually useful whereby Volkswagen secures entry to Rivian’s superior software-defined car structure whereas Rivian obtains important capital to maintain its operations and assist future growth, reveals the Social Media Analytics Platform of GlobalData, a number one knowledge and analytics firm.
Shreyasee Majumder, Social Media Analyst at GlobalData, feedback: “Influencers view the VW-Rivian three way partnership and funding as a important lifeline for Rivian, averting potential chapter and enabling enlargement into new car segments. They emphasize that the monetary injection will positively influence Rivian’s manufacturing capabilities and market place, probably paving the way in which for future collaborations and shared platforms with Volkswagen’s new electrical SUV lineup. Nevertheless, some influencers stay unsure concerning the long-term success and sustainability of the partnership.”
Under are just a few fashionable influencer opinions captured by GlobalData’s Social Media Analytics Platform:
Alex Voigt, Creator:
“The three way partnership with Rivian is an nearly risk-free, no-brainer deal for VW however may very well be a write off later too. Particulars present that the settlement is an excellent deal for VW, however the desperation of Rivian additionally reveals that with out this settlement the corporate might need gone bankrupt very quickly. The contract phrases for Rivian are very unhealthy and it’s questionable how lengthy the lifeline VW has thrown will preserve the corporate afloat. VW will purchase Rivian for $10.83 per share. Meaning nearly 100 million shares for $1 billion or ~10% dilution and 4.75% curiosity on prime. To call only one instance of many who reveals that due diligence isn’t VW’s favourite talent: the corporate has written off 1.9 billion {dollars} that it invested in Argo AI earlier than 2022. At the moment they made an enormous press launch how VW automobiles will drive with Argo AIs software program absolutely autonomously. Effectively that didn’t finish nicely.”
Gary Black, Managing Companion at The Future Fund LLC:
“With $VOW as their strategic accomplice, $RIVN chapter danger – to the extent some buyers nervous about it – is now off the desk. The $3B money funding (plus $2B for the brand new software program JV) ought to take away the deep 2024 EV/Rev valuation low cost at which $RIVN trades (3.3x AH) vs $TSLA (5.9x). $RIVN can now transfer downstream and assemble their new manufacturing unit in Georgia to broaden their TAM to the reasonably priced luxurious phase with R2 ($45K ASP) and to the mass phase with R3 ($35K ASP). As soon as $VOW converts $3B in new convertible notes to $RIVN fairness, we estimate $VOW will personal 15-20% of RIVN.”
Sean O’Kane, Senior Transportation Reporter at TechCrunch:
“Very large, very attention-grabbing deal (funding + new joint-venture) right here between @Rivian and @VWGroup Rivian will get extra $$ and institutional assist in unsure instances, and VW will get badly-needed software program assist. Will it work out?”
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Jesse Jenkins, Assistant Professor at Princeton College:
“Large information for @Rivian! @VW to speculate as much as $5 billion within the EV startup, serving to fund growth of the R2 SUV, whereas VW good points entry to Rivian’s software-defined car structure. This is a crucial capital infusion for Rivian that helps them cross the Valley of Dying to succeed in scale and constructive gross margins. Will we even see additional collab on a shared platform for VW’s new “rugged” Scout model of electrical SUVs coming quickly?”
Ross Gerber, President and CEO at Gerber Kawasaki Wealth & Funding Administration:
“Nice information for Rivian. VW investing $5 bil which is able to preserve them afloat for a while. The automobiles are nice however they do want some operational assist. This may very well be the way in which… $RIVN”
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