Automakers

UK EV startup Arrival gets $300M funding, aims to slow cash-burn

Arrival van UK
A full-electric delivery van from Arrival is pictured.
R
By:
Reuters
March 14, 2023 02:47 PM

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.

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