Confidential

Meeting Brief: Rivian Deal Discussion

Prepared by Calendar Intelligence · NexusAI Executive Office

Participants

RM

Rahul Mehta

VP, Corporate Development · NexusAI

Leads strategic partnerships and M&A at NexusAI. Previously spent 6 years at Goldman Sachs in the Technology M&A group, where he advised on $12B+ in transactions including Cruise Automation's acquisition by GM. Stanford MBA, IIT Delhi B.Tech.

DP

David Park

Partner · Sequoia Capital

Board observer at NexusAI since the Series A. Focuses on growth-stage enterprise AI and autonomous systems investments. Led Sequoia's investments in three unicorn exits over the past decade. Previously at Andreessen Horowitz. Wharton MBA.

CJ

Claire Johnson

CFO · Rivian Automotive

Joined Rivian in 2024 from Tesla, where she served as VP of Financial Planning. Driving Rivian's push into enterprise fleet partnerships and software-defined revenue streams. Her office initiated the accelerated timeline for this deal.

Deal Context

NexusAI is in advanced discussions with Rivian Automotive to provide fleet intelligence and autonomous driving optimization software for Rivian's commercial vehicle platform. The partnership would embed NexusAI's predictive maintenance and route optimization models into Rivian's fleet management stack, targeting enterprise customers (Amazon delivery fleet, logistics operators).

Latest development: Rivian's CFO office has requested accelerating the partnership timeline from Q3 to Q2 close. Their board meets April 15 and wants the NexusAI partnership on the agenda. This compresses our due diligence and term sheet negotiation by approximately 6 weeks.

Key Discussion Points

  1. Revised timeline: Rivian wants term sheet signed by April 10 (was May 22). Review feasibility with legal and product teams.
  2. Commercial terms: Rivian is proposing a 3-year exclusive license with $18M guaranteed minimum. NexusAI's counter should address exclusivity scope (fleet size thresholds vs. blanket exclusive).
  3. Technical integration: Rivian's engineering team needs API access to NexusAI's predictive models by April 1 for POC. Confirm Tom Reilly's infra team can support.
  4. Board implications: Sequoia (David Park) has expressed interest in co-investing in the Rivian fleet vertical. Discuss whether this changes the deal structure.
  5. Competitive positioning: Waymo and Motional are reportedly in parallel conversations with Rivian. Speed is a factor.

Recent Coverage

Rivian Explores AI Partnerships for Next-Gen Fleet Management
TechCrunch · March 22, 2026
NexusAI Closes $85M Series B Led by Sequoia to Scale Autonomous Fleet Intelligence
Bloomberg · March 15, 2026
Rivian Posts Narrower-Than-Expected Q4 Loss, Signals Enterprise Software Push
Reuters · February 28, 2026
The $40B Race to Power Autonomous Commercial Fleets
Wall Street Journal · February 10, 2026

Prepared Materials

The following documents are available in the shared drive:

PDF NexusAI-Rivian Term Sheet Draft v3.2
XLSX Financial Model — Fleet Intelligence Revenue Scenarios
PPTX Technical Architecture — API Integration Overview
PDF Competitive Landscape — Fleet AI Market Map Q1 2026