Arrival (company)
| Formerly |
|
|---|---|
| Company type | Public |
| Expert Market: ARVLF | |
| Industry | |
| Founded | 2015 |
| Founder | Denis Sverdlov |
| Defunct | March 2024 |
| Fate | Entered Administration all items auctioned off 2024 |
| 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.
After receiving $111 million in investment from Korean automaker Hyundai Motors and its sister company Kia Motors, it raised another $118 million from the American fund manager BlackRock in February 2020. Later, it was listed on Nasdaq after merging with special-purpose acquisition company CIIG Merger Corp.
After the company was delisted from Nasdaq and its UK division went into administration in February 2024, there were future plans to sell Arrival and all of its affiliated assets. After acquiring Arrival's assets in March 2024, the EV startup Canoo filed for Chapter 7 bankruptcy on January 17, 2025.