Amazon-backed electric vehicle maker Rivian files for IPO

Electric vehicles updates

Rivian, the electric vehicle company backed by Amazon, has filed confidentially for an initial public offering, the company announced on Friday.

Founded in 2009, the Irvine, California-based company, seen as a significant challenger to Tesla, is seeking a valuation of more than $70bn, according a person familiar with its plans.

A spokeswoman for Rivian declined to comment on the target, nor share a proposed timeline for when the listing might happen. Goldman Sachs is leading the offering.

According to data from

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