Struggling electric van builder Arrival secures $300 million funding lifeline from Westwood Capital
British electric vehicle (EV) developer Arrival has secured a $300 million investment from Westwood Capital, which could potentially provide a lifeline for the company. Arrival plans to lower its targeted cash spend to no more than $35 million per quarter and has already implemented cost-saving measures, including layoffs, to achieve this.
You have reached your limit of free news
Register for free today to read more content. Already registered? SIGN IN now
Want to read more?
Register for free now to access the full article.
Let us help you reach your carbon zero targets, sign up today and unlock:
- Unlimited access to breaking news, commentary and analysis around the decarbonisation of the road freight and commercial vehicle sector
- Continued access to the Freight Carbon Zero weekly newsletter, sent directly to your inbox