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Arrival garners $300M which will help slow its cash-burn rate

The UK-based EV startup Arrival garners $300 million and hopes to slow the financial bleeding. It is still short to start the van production.

United kingdomIgor torgovAvinash rugooburDenis sverdlovUnited kingdom basedArrival vanArrival carWestwood capital

Arrival Ditching UK Production For US To Tap Into EV Tax Credit

Arrival will shift its manufacturing focus from Bicester, UK, to Charlotte, North Carolina, where it will build a family of Van products for the US.

North carolinaUnited statesUnited kingdomCity ofDenis sverdlovJoe bidenArrival vansArrival vanInflation reduction actPresident joe biden

Arrival Builds First Production Verification Van At UK Microfactory

Arrival says the Vans that will be produced this year will not be sold to customers; instead, they will be used for testing, validation and quality control.

United kingdomDenis sverdlovArrival vanArrival vans

Arrival Going All-In On Van But Will Build Only 20 Units In 2022

The company claims to have non-binding orders for about 149,000 vehicles, which if all completed, would bring over $6 billion in potential revenue.

North carolinaUnited statesUnited kingdomCity ofArrival vanCentral londonNorth americaFinancial times

First Arrival Vans will be delivered later this year

British start-up Arrival will scale back production of its van after half-year financial report

North carolinaUnited statesUnited kingdomCity ofPatrick bionVauxhall movano eDenis sverdlovSecond quarterArrival vanForde transitVice presidentAuto expressArrival car

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