The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.

Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.

The perpetually struggling EV company made the payments while being investigated by the SEC. That four-year probe was ultimately closed in March.