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Arrival (company)
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Arrival (company)
Arrival was a British electric vehicle manufacturer headquartered in Howald, Luxembourg that planned to build lightweight commercial vehicles. Research and development took place at a facility in Banbury, Oxfordshire.
After receiving $111 million in investment from Korean automaker Hyundai Motors and its sister company Kia Motors, it raised another $118 million from the American fund manager BlackRock in February 2020. Later, it was listed on Nasdaq after merging with special-purpose acquisition company CIIG Merger Corp.
After the company was delisted from Nasdaq and its UK division went into administration in February 2024, there were future plans to sell Arrival and all of its affiliated assets. After acquiring Arrival's assets in March 2024, the EV startup Canoo filed for Chapter 7 bankruptcy on January 17, 2025.
According to Arrival, four electric vehicle types were being developed: a bus, a van, a large van, and a small vehicle platform. Start of production of the bus was planned for the last quarter of 2021.
The van would have a 120 kW (160 hp) engine, giving a maximum speed of 120 km/h (75 mph), and a payload of up to 1,975 kg (4,354 lb). Depending on the battery option specified, the van would have a range of from 180 km (110 mi) to 340 km (210 mi) on a single charge. U.S.-based United Parcel Service (UPS) had placed an order for 10,000 delivery vans from Arrival, with the option for an additional 10,000.
In June 2020, Arrival announced that the Arrival Bus was undergoing beta prototype testing. The company unveiled its prototype in November 2021, and said that production would commence at its South Carolina plant in the second quarter of 2022.
Arrival had developed a car for the purpose of ride hailing. It had done so in partnership with Uber and in close consultation with Uber drivers. Arrival had also entered a partnership with Breathe, which would have served as the third-party distributor of the Arrival car.[citation needed]
The company was founded in 2015 by Russian businessman and telecom billionaire Denis Sverdlov, former Deputy Minister of Mass Communications to the Kremlin. He previously served as General Director of Russian mobile service provider Yota Group.
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Arrival (company)
Arrival was a British electric vehicle manufacturer headquartered in Howald, Luxembourg that planned to build lightweight commercial vehicles. Research and development took place at a facility in Banbury, Oxfordshire.
After receiving $111 million in investment from Korean automaker Hyundai Motors and its sister company Kia Motors, it raised another $118 million from the American fund manager BlackRock in February 2020. Later, it was listed on Nasdaq after merging with special-purpose acquisition company CIIG Merger Corp.
After the company was delisted from Nasdaq and its UK division went into administration in February 2024, there were future plans to sell Arrival and all of its affiliated assets. After acquiring Arrival's assets in March 2024, the EV startup Canoo filed for Chapter 7 bankruptcy on January 17, 2025.
According to Arrival, four electric vehicle types were being developed: a bus, a van, a large van, and a small vehicle platform. Start of production of the bus was planned for the last quarter of 2021.
The van would have a 120 kW (160 hp) engine, giving a maximum speed of 120 km/h (75 mph), and a payload of up to 1,975 kg (4,354 lb). Depending on the battery option specified, the van would have a range of from 180 km (110 mi) to 340 km (210 mi) on a single charge. U.S.-based United Parcel Service (UPS) had placed an order for 10,000 delivery vans from Arrival, with the option for an additional 10,000.
In June 2020, Arrival announced that the Arrival Bus was undergoing beta prototype testing. The company unveiled its prototype in November 2021, and said that production would commence at its South Carolina plant in the second quarter of 2022.
Arrival had developed a car for the purpose of ride hailing. It had done so in partnership with Uber and in close consultation with Uber drivers. Arrival had also entered a partnership with Breathe, which would have served as the third-party distributor of the Arrival car.[citation needed]
The company was founded in 2015 by Russian businessman and telecom billionaire Denis Sverdlov, former Deputy Minister of Mass Communications to the Kremlin. He previously served as General Director of Russian mobile service provider Yota Group.
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