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Arrival : Form 20-F ☒ Form 40-F ☐ - Form 6-K

Form 20-F ☒ Form 40-F ☐

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN EACH OF THE REGISTRATION STATEMENTS ON. | May 3, 2023 ....

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Electric Vehicle Startup Arrival Secures $300 Million Equity Financing Line to Slow Cash-Burn Rate and Prepare for U.S. Production

British electric vehicle (EV) startup Arrival has received a $300 million equity financing line from Westwood Capital to slow its cash-burn rate and fund the business into late 2023 as it prepares for U.S. production of its van. Arrival aims to cut costs and achieve its quarterly cash-burn rate target of $35 million by the second half of 2023. The funds raised will not be used for investments in production at its Charlotte, North Carolina facility, and the company is kicking off fundraising efforts to fund its U.S. production plan. ....

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McCarthy's Best-Case Debt Limit Scenario Is Also a Longshot

House Speaker Kevin McCarthy has blamed President Biden and Democrats for "reckless spending" but must also persuade his own caucus on the debt limit. ....

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Cruise Origin rolls into Austin, WeRide makes its IPO move and TuSimple stirs up more drama

The Station is a weekly newsletter on the future of transportation. This week, WeRide files an IPO and the Cruise Origins rolls into Austin. ....

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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. ....

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