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The electric vehicle startup Rivian has filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC), intending to raise up to $8 billion. This news comes after the company raised $10.5 billion in funding from various investors, including Amazon and Ford.

Rivian, founded in 2009, has quickly made a name for itself in the EV market with its all-electric trucks and SUVs. The company’s vehicles have received positive reviews for their performance, design, and range, and Rivian already has over 55,000 pre-orders for its vehicles.

The IPO filing provides insight into Rivian’s financials, showing that the company generated revenue of $1 billion in the first half of 2021, but also posted a net loss of $320 million. Despite the losses, Rivian’s valuation is estimated to be around $80 billion, making it one of the most highly valued automotive startups in the world.

Rivian’s IPO is highly anticipated, with many investors eager to get in on the action. The company’s focus on electric vehicles and its impressive lineup of trucks and SUVs have garnered significant interest from consumers and investors alike.

Overall, Rivian’s IPO filing signals a significant milestone for the company as it looks to capitalize on the growing demand for electric vehicles and solidify its position in the EV market. Investors will be watching closely as Rivian makes its debut on the public market, eager to see how the company performs in the coming months.