 | This article needs to be updated. The reason given is: arguably the company is no longer still British. (January 2023) |
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| Formerly |
|
|---|---|
| Company type | Public |
| Nasdaq: ARVL | |
| Industry | |
| Founded | 2015 |
| Founder | Denis Sverdlov |
| Headquarters | Howald, Luxembourg |
Area served | Worldwide |
Key people | Igor Torgov (CEO)[1] |
| Products | Electric vehicles |
| Owner | Denis Sverdlov (35%)[2] |
Number of employees | 800 (2023)[3] |
| Website | arrival |
| Footnotes / references [4] | |
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Arrival was a British electric vehicle manufacturer[5][6] headquartered in Howald, Luxembourg[4] that planned to build lightweight commercial vehicles.[7] Research and development took place at a facility in Banbury, Oxfordshire.[8]
Arrival raised $118 million from US funds manager BlackRock in October 2020, adding to previous investment from Korean automaker Hyundai Motor Co and sister company Kia Motors Corp of $111 million.[9] The company became listed on NASDAQ by merging with special-purpose acquisition company CIIG Merger Corp.[10]
In February 2024, after getting its stock delisted from the Nasdaq, Arrival's UK division entered administration, with future plans of a sale of Arrival and all of its affiliated assets.[11]
- ^ Cite error: The named reference
ceo-changewas invoked but never defined (see the help page). - ^ Lambert, Yannick (26 June 2023). "Luxembourg e-car maker Arrival reeling as owner dumps shares". Luxembourg Times.
Whilst Sverdlov's Kinetik still owned more than 60% in Arrival in January, according to the register, his stake went down to just above 35%
- ^ Cite error: The named reference
ft-cutswas invoked but never defined (see the help page). - ^ a b "Arrival Registration Statement (Form F-3)". US Securities and Exchange Commission. 24 February 2023.
- ^ "Arrival's electric van is ready for testing". ca.finance.yahoo.com. 3 March 2021.
- ^ GmbH, finanzen net. "Ex-Russian minister stands to gain 3,000% from electric vehicle maker Arrival SPAC, report says". markets.businessinsider.com.
- ^ Jones, Mark (20 October 2019). "Arrival is the Tech Company that's Decided to Make Electric Vans". TechHQ. Hybrid. Retrieved 14 January 2020.
- ^ ARRIVAL (13 March 2020). "Our factory is in Banbury, Oxfordshire". Twitter. Retrieved 13 March 2020.
- ^ "BlackRock invests $118 million in UK electric vehicle startup Arrival". Reuters. 14 October 2020. Retrieved 10 February 2021.
- ^ Browne, Ryan (18 November 2020). "UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation". CNBC. Retrieved 18 November 2020.
- ^ "Arrival: Electric van maker's UK arm enters administration". 5 February 2024. Retrieved 6 February 2024.