Arrival

Business model

Design and manufacture electric vans and buses using proprietary microfactory production method.

In brief

Promised to reinvent vehicle manufacturing with small, modular "microfactories" instead of traditional giant plants, backed by Hyundai, Kia, and a $13B SPAC valuation. Repeated delays getting its electric van into production, mounting losses, and failed attempts to raise further…

See the What Happened tab for the full account.