
Rivian Secures $4.5B DOE Loan for Georgia Factory, Expands Capacity to 300K Vehicles
Rivian has renegotiated its DOE loan down to $4.5 billion from $6.6 billion and will draw the funds in early 2027. The company plans to increase Georgia factory capacity from 200,000 to 300,000 vehicles in its initial phase, a 50% boost to lower per-unit costs. The expanded capacity will support production of R2 SUVs and robotaxis for Uber, which invested $300 million and plans to purchase up to 50,000 autonomous vehicles. Rivian reported Q1 2026 revenue of $1.38 billion and a reduced loss of $416 million.
