Arrival (NASDAQ: ARVL) is a UK-based technology company that develops and manufactures electric vehicles (EVs) and provides technology solutions for the automotive industry. The company designs and produces components such as batteries, power electronics, and electric drivetrains for commercial vehicles, buses, and cars. Arrival has also developed proprietary hardware, software, and AI algorithms for its vehicles.
Arrival's vehicles are designed for efficiency and low total cost of ownership, with a focus on reducing carbon emissions and increasing safety. The company uses lightweight materials and modular designs to reduce manufacturing costs and increase flexibility in vehicle design. Arrival's EVs also include a range of safety features, including collision avoidance and automated emergency braking.
Arrival was founded in 2015 by Russian entrepreneur Denis Sverdlov, and it has grown rapidly since then. In March 2021, the company went public through a merger with a special purpose acquisition company (SPAC) called CIIG Merger Corp., with the resulting company listed on the NASDAQ stock exchange under the ticker symbol ARVL. Arrival has partnerships with a number of major companies, including Hyundai, UPS, and Uber, and it has received investments from BlackRock, Kia, and other major institutional investors.
As of February 2023, Arrival's market capitalization is approximately $17.5 billion.
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