Rivian said on Monday it has received conditional approval for a loan of up to $6.6 billion from the U.S. Department of Energy to build the electric vehicle maker's production facility in Georgia. The announcement comes ahead of the inauguration of President-elect Donald Trump,

Rivian has secured conditional approval of a loan of up to $6.6 billion from the U.S. Department of Energy to build a production facility in Georgia – as long as the company won't actively oppose union organizing efforts.

Rivian has been granted conditional approved for a $6.6 billion loan from the U.S. Department of Energy to fund construction of a plant in Georgia, the electric vehicle startup said on Monday.