Arrival (company)
| Formerly |
|
|---|---|
| Company type | Public |
| Expert Market: ARVLF | |
| Industry | |
| Founded | 2015 |
| Founder | Denis Sverdlov |
| Defunct | March 2024 |
| Fate | Acquired by Canoo |
| Headquarters | Howald, Luxembourg |
Area served | Worldwide |
Key people | Igor Torgov (CEO) |
| Products | Electric vehicles |
| Owner | Denis Sverdlov (35%) |
Number of employees | 800 (2023) |
| Website | arrival |
| Footnotes / references | |
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.
In March 2024, Arrival's assets were acquired by Canoo, another EV startup. On January 17, 2025, Canoo filed for Chapter 7 bankruptcy.