附近上门

Electric car-maker is exploring going public this year, reported Tuesday.

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The company could go public as soon as September with a valuation of $50 billion, according to the report. The news comes a few weeks after Rivian raised $2.7 billion in a private-equity round led by .

Rivian, which is based in Michigan, makes electric trucks and SUVs. The company has raised about $8.2 billion in funding, according to 附近上门, from investors including and .

The news comes as more eyes are on the EV market, between the performance of 鈥檚 stock this past year — it鈥檚 stock price has increased more than 427 percent over the past 12 months — and announcements of companies like Ford and doubling down on EV.

Funding for venture-backed electric vehicle companies reached $7.8 billion last year, according to 附近上门 data, with Rivian鈥檚 $2.5 billion private-equity round being the largest EV funding round in 2020.

Rivian鈥檚 public debut would follow a handful of other electric vehicle-makers going public, including Chinese EV manufacturer , which went public through an IPO, and , which went public via a special purpose acquisition company.

Bloomberg reported that while Rivian could go public as early as September, it could be pushed to later in the year or in 2022.

Photo courtesy of Rivian