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About Arrival

Arrival (NASDAQ: ARVL) manufactures electric vehicles. It develops electric vehicles mainstream by making vans, trucks, bus electric components, and sustainable energy solutions with design software, materials, and scalable skateboard platforms and micro-factories. It uses Low CapEx, scalable micro-factories combined with in-house developed components, materials, and software, that enables the production of vehicles to fossil fuel variants with a lower Total Cost of Ownership (TCO). The company was founded in 2015 and is based in London, United Kingdom.

Headquarters Location

Avonmore Road Beaumont House

London, England, W14 8TS,

United Kingdom

0303 123 1113

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Research containing Arrival

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Arrival in 3 CB Insights research briefs, most recently on Oct 12, 2022.

Expert Collections containing Arrival

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Arrival is included in 2 Expert Collections, including Auto Tech.


Auto Tech

3,806 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.


Supply Chain & Logistics Tech

3,922 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

Latest Arrival News

British EV maker Arrival seeks second chance with US EV tax credits

May 25, 2023

Author of the article: Published May 25, 2023  •  4 minute read Article content DETROIT/BICESTER — British electric van startup Arrival, which has hit many road bumps in its quest to become the next Tesla Inc, now hopes huge subsidies from the U.S. Inflation Reduction Act and a second reverse merger will give it a fresh shot at survival. We apologize, but this video has failed to load. Try refreshing your browser, or British EV maker Arrival seeks second chance with US EV tax credits Back to video Since it was founded in 2015, Arrival has developed vehicles for high-profile customers like United Parcel Service Inc and Uber Technologies Inc, but has burned through piles of cash without ever hitting mass production and is winding down its UK operations in favor of refocusing on the United States. Advertisement 2 THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. or Article content Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Article content With the $283 million it should receive from a merger with special-purpose acquisition company (SPAC) Kensington Capital Acquisition Corp V, announced in April, executives at Arrival said they will focus on just one U.S.-produced vehicle for now. That vehicle is a larger Class 4, or medium-duty, delivery van that will bring customers a $40,000 IRA subsidy, far above the $7,500 for smaller electric vans. Arrival’s new investors are “very excited about our U.S. product and the U.S. market,” Chief Financial Officer John Wozniak said. “There are a lot of tail winds there,” including a recent California mandate requiring commercial fleets to transition to electric over the next 10 years. Crucially, Arrival says early investor UPS is still an anchor customer – it has ordered up to 10,000 vans – though admittedly not a happy one after waiting years for vehicles. Article content Article content “We continue to evaluate Arrival’s decision to refocus its efforts in production and how this may impact potential, future vehicle deployments,” a UPS spokesperson said. Other EV startups like Rivian Automotive Inc, Lucid Group Inc, Fisker Inc and Lordstown Motors Corp have faced similar challenges, trying to ramp up production while burning through cash at a time when few investors will give them more. But the IRA, which took effect last August, has provided enough of a lifeline to Arrival to attract new investors. It includes customer tax credits for purchases of certain EVs. Arrival now aims to begin producing its medium-duty XL Van at a “microfactory” in Charlotte, North Carolina, by late 2024, and Wozniak said he is confident of hitting that target. Advertisement 4 Article content The company has so far made three prototypes of its smaller L Van at its Bicester plant in the United Kingdom, which are being road-tested to aid development of the larger, more expensive model. Class 4 vans are more appealing than smaller models “because the prices and margins are so much higher,” said Michael Abelson, head of Arrival’s North American unit. “The question is, will they have enough cash to actually get into series production?” said David Bailey, a professor of business economics at the University of Birmingham. ‘ABSOLUTE LIFELINE’ At its peak, Arrival was developing two different electric vans and an electric bus. It was also developing a specially designed electric car for Uber drivers. But like other electric startups that collectively raised billions through SPACs, Arrival found that going from concept to mass production is both expensive and immensely difficult. Advertisement 5 Article content The company projected 2024 revenue of $14 billion in its initial SPAC deal’s investor presentation, but Arrival lost a combined $2.3 billion in 2021-2022. To conserve cash, Arrival has cut staff almost 75% to 750 employees. It had just $130 million in cash at the end of the first quarter in an industry where launching a single model can easily cost $1 billion. The startup warned in November it would run out of cash before the end of 2023. Arrival’s second SPAC is with Kensington, whose earlier deals brought startups QuantumScape, Amprius and Wallbox to the market. The rare double SPAC is being watched by others in the industry to see if it is worth replicating. An executive with experience running SPACs, who spoke on condition of anonymity, said Kensington’s deal was an “an absolute lifeline” for a startup in Arrival’s situation. Advertisement 6 Article content “There’s no way they would find that kind of money anywhere else,” the executive said. “There could be more of this if these guys are able to make it happen.” Reuters contacted all of Arrival’s current institutional shareholders, but they either did not respond or declined to comment. ‘ROOM TO RUN’ The IRA is key to making Arrival’s turnaround work, which the University of Birmingham’s Bailey said was ironic in light of the company’s former reputation as the “great British hope.” “It was seen as Britain’s Tesla and yet it’s the U.S. government that’s essentially supporting it,” he said. The U.S. medium-duty Class 4 van segment is relatively small, with annual sales of 30,000 to 40,000 vehicles. That is too small for most major manufacturers, so it leaves Arrival with just a few rivals. Advertisement 7 Article content Those competitors include Shyft Inc, a Michigan-based manufacturer of multi-brand specialty commercial vehicles whose Blue Arc electric vans will go into production this fall. Daimler Trucks’ new Rizon brand will start importing electric vans from Japanese affiliate Fuso later this year that qualify for IRA subsidies because of free trade agreements with Japan. California-based startup Xos Inc, which sold just 31 vehicles in the first quarter, is also a competitor. With price tags for medium-duty electric vans targeted to start from around $175,000, the segment represents a potential market worth $5 billion or more. “We think that (Class 4) is a sweet spot where Arrival can make a lot of money,” CFO Wozniak said. “We looked across the competitive landscape, and from where you sit today, there’s a lot of room to run in that segment.” (Reporting By Paul Lienert in Detroit and Nick Carey in Bicester, England Editing by Ben Klayman and Matthew Lewis)

Arrival Frequently Asked Questions (FAQ)

  • When was Arrival founded?

    Arrival was founded in 2015.

  • Where is Arrival's headquarters?

    Arrival's headquarters is located at Avonmore Road, London.

  • What is Arrival's latest funding round?

    Arrival's latest funding round is PIPE - II.

  • How much did Arrival raise?

    Arrival raised a total of $229M.

  • Who are the investors of Arrival?

    Investors of Arrival include Westwood Capital, BlackRock, CIIG Merger, Fidelity Investments, BNP Paribas and 8 more.

  • Who are Arrival's competitors?

    Competitors of Arrival include Nxu and 2 more.

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