Electric-vehicle (EV) startup Arrival has received a $300 million equity financing line from Westwood Capital and said it seeks to slow its cash-burn rate, as the British company looks to start U.S. van production in late-2024.
Electric-vehicle (EV) startup Arrival has received a $300 million equity financing line from Westwood Capital and said it seeks to slow its cash-burn rate, as the British company looks to start U.S. van production in late-2024.
Tariffs and uncertainty about EV regulations and incentives might slow down the transition to green tech. But auto industry suppliers say it's still coming.