The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.

Before we jump into the news, I wanted to steer you toward a recent TechCrunch Equity podcast episode with Waabi co-founder and CEO Raquel Urtasun. The Rivian-Volkswagen Group joint venture has been officially finalized.

Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV manufacturers.

Volkswagen’s already contentious decision to plow billions of dollars into electric-vehicle maker Rivian just got $800 million more awkward. The German manufacturer upset its powerful works council earlier this year when it announced plans to invest up to $5 billion in Rivian.

Volkswagen and Rivian have officially announced a joint venture, “Rivian and VW Group Technology, LLC,” that will kick off on November 13th. The collaboration, which will be led by Rivian software chief Wassym Bensaid and VW Group chief technology engineer Carsten Helbing,

By investing $5.8 billion in electric vehicle pioneer Rivian, Volkwagen hoped the startup’s expertise would improve its EV presence as well as generate profits. However, Rivian’s $80,000 trucks have proved to create low consumer demand,

Volkswagen will invest up to $5.8bn into Rivian as part of a new joint venture that’ll see them both working extremely closely on their future electric cars. In short, it means Rivian can get a boatload of cash and Volkswagen’s scale to launch and evolve the R2 (pictured above) and other models.