Daily Poll: Rivian, the EV maker backed by Amazon and Ford has filed for its IPO.

Rivian, has confidentially filed for its upcoming IPO, the company said in a press release on Friday.

Rivian has built a line-up of electric pickup trucks that it plans to begin delivering to customers later this year. Additionally, the company developed an electric delivery van for $Amazon (AMZN.US)$ and entered a contract with the e-commerce giant to deliver 100,000 vans by the end of this decade, with 10,000 vans expected to be delivered by the end of next year.

Rivian has raised more than $US10 billion since its inception from various investors, including T. Rowe Price, Fidelity, $Ford Motor (F.US)$ , and $Amazon (AMZN.US)$ . Rivian’s last funding round valued the company at about $US28 billion, according to media reports.

The company is seen as one of the most viable competitors to $Tesla (TSLA.US)$ ’s dominance in the EV space, in part thanks to its refined designs, unique vehicle features, and expected long battery range.

Rivian’s expected public debut later this year will top off a busy year for IPOs, with high-profile names like $Robinhood (HOOD.US)$ , $DiDi Global (Delisted) (DIDI.US)$ , and $Oatly Group AB (OTLY.US)$ completing their offerings earlier this year.

Source:
Rivian files for IPO, with the Amazon-backed EV maker reportedly seeking $80 billion valuation

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