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Arrival's mission is to make electric vehicles mainstream in order to drive the adoption of sustainable technologies - by making vehicles fully electric, digitally connected, and smart.
-59% employee growth in 12 months
The eco-friendly vehicle market is rapidly growing, with most major car manufacturers producing some number of electric models. Arrival is an electric vehicle manufacturer supporting wide-scale electrification with its affordable EVs and "microfactory" production model, delivering vehicles that surpass existing EVs and traditional fossil fuel vehicles in terms of price, design, and experience.
Arrival has disrupted the EV space by rethinking everything from the ground up - materials, components, and assembly have all been thoughtfully innovated to bring cheaper vehicles to market quicker. It's factories take only 6 months from site readiness to being operational, facilitating rapid deployment worldwide. In addition, its materials, software, and scalable electric platform can be adapted for multiple vehicle categories, enabling the company to produce vans, busses, and cars on demand.
Originally focussing on electric vans for the commercial vehicle market, the company has found success working with logistics companies - for instance, UPS ordered 20,000 Arrival vehicles to build out their zero emissions fleet. It has not escaped the pressures of the economic downturn - announcing mass lay-offs at the beginning of 2023 - but has responded succinctly with plans to cut operating costs by halve, and successfully raised investment towards progressing with development and partnerships as it focusses in on the key US market.
Kirsty
Company Specialist at Welcome to the Jungle
Oct 2020
$118m
GROWTH EQUITY VC
Jan 2020
$108.4m
LATE VC
This company has top investors
Denis Sverdlov
(Chairman)Founder and Board Member of Roborace alongside Arrival.