Case Study: Rivian achieves success in transferable tax credit transactions with Crux

Crux's network and expertise helped Rivian ensure success in a new market

Rivian, an American electric vehicle manufacturer, aimed to monetize investment tax credits from a wind turbine and EV charging projects. Their challenge was navigating the new and uncertain transferable tax credit market, especially for a modest project size and in the absence of specific IRS guidance. They needed a partner with the right technology and a network of buyers, so they turned to the vendor Crux and its platform for transferable tax credits.

Crux provided its network and expertise to structure both transactions. By enabling a competitive bidding process on its platform, Crux helped Rivian secure a higher price for its credits. The use of Crux's standardized due diligence and transaction documents streamlined the deals, leading to successful and efficient outcomes that advanced Rivian's sustainability goals.

Rivian