Electric vehicle company Rivian has confidentially filed for an IPO

 Rivian, the electric vehicle startup backed by a slew of institutional and strategic investors including Ford and Amazon, has filed paperwork to go public with the Securities and Exchange Commission.

The projected offering's size and pricing range have yet to be defined. According to the brief statement, the initial public offering is planned to take place when the SEC completes its review process, subject to market and other conditions.

Rivian stated less than two months ago that the company had closed a $2.5 billion private investment round led by Amazon's Climate Pledge Fund, D1 Capital Partners, Ford Motor, and T. Rowe Price Associates Inc. funds and accounts. In that round, Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue also took part.

At the time of the July 2021 announcement, the corporation did not provide a post-money valuation.

The R1T pickup vehicle will be delivered in September by the electric carmaker, which presently employs 7,000 people. Rivian has had no issue raising funds to build the R1T and an accompanying SUV.

To date, Rivian has raised around $10.5 billion. Existing investors T. Rowe Price Associates Inc., Fidelity Management and Research Company, Amazon's Climate Pledge Fund, Coatue, and D1 Capital Partners contributed $2.65 billion in January. A person familiar with the financing round told TechCrunch at the time that new investors also participated in the round, bringing Rivian's valuation to $27.6 billion.