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Arrival
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Short description

Developer of short haul electric trucks

Founded in 2015
Founded in

Company type Bankrupt Public (ARVL)
Company type

Industry Group transportation & logistics

Sector on-road vehicles

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Enstone, United Kingdom
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Parent Companies

Updated by Sunena Gupta at on 03/19/2024

Edited by Cleantech Group on 06/25/2024

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Date Company
07/15/2021

LeasePlan LeasePlan

Confirmed by LeasePlan

Partnerships
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Date Partner Type
11/30/2021
Li-Cycle Li-Cycle
Li-Cycle and Arrival will work together on thought leadership initiatives and R&D efforts to improve lithium-ion battery recycling, while also working together to improve the efficiency of the EV battery supply chain in the U.S. and Europe.
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Confirmed by Li-Cycle
Technology Partner
Investment Rounds
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IPO INFORMATION

Date

04/10/2021

IPO status

Withdrawn

IPO Type

SPAC

Amount

Initial shares

Ticker symbol

ARVL

Exchange listed

Nasdaq

Prospectus URL

Prospectus

Source URL

Source

Description

Arrival announced $468 million SPAC with Kensington Capital Acquisition Corp. V. In July 2023, Arrival announced that it has ended its deal to merge with Kensington Capital.

Date Investors Type Amount
03/14/2023 Westwood Capital Westwood Capital (1)
Post-money valuation of
Funds will be used to invest in supplier production tooling and prototyping as well as equipment and installation to begin production of XL vans for last mile deliveries.
Follow-on Public Offering $300,000,000
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