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arrival
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.
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. The company became listed on NASDAQ by merging with special-purpose acquisition company CIIG Merger Corp.
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.
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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. The company became listed on NASDAQ by merging with special-purpose acquisition company CIIG Merger Corp.
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.
View More On Wikipedia.org