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Arrival (ARVL) names new CEO but cuts staff in half as it fights to reach Van production in US

Arrival Van

The woes continue for commercial EV start-up Arrival, which hopes an internal promotion of a new CEO can help get its all-electric Van into US production as part of a business strategy pivot to cut costs. Arrival is still struggling with capital, however, as it also shared plans to reduce its current staff by 50% to further cut costs and stay afloat. Here’s the latest.

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Arrival (ARVL) receives non-compliance letter from Nasdaq because its stock share price is too low

Arrival Stock

EV startup Arrival announced that it has received a non-compliance letter from the Nasdaq Stock Market LLC, informing the company that the closing bid price has been below the minimum $1.00 per share for at least consecutive 30 days. Arrival now has until May to meet the minimum bid requirement to avoid being delisted on the stock market.

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Arrival (ARVL) pivots business strategy again, moving Van production to US-based microfactory

Arrival US

EV start-up Arrival has announced its second business strategy pivot in the past three months. After recently demonstrating the successful use of its microfactory model in the UK to build its all-electric van, Arrival has decided to refocus its business approach and all resources for the US market with hopes of maximizing federal tax credits.

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Arrival (ARVL) successfully builds its first electric Van using novel Microfactory model

Arrival Van

EV startup Arrival has completed a huge step in bringing its first commercial EV into production, particularly in the way its flagship Van is being assembled. Arrival has successfully built its first production-verification Van using its Microfactory in Bicester, UK, marking the start of a new streamlined assembly that could eventually shift how and where EVs are built in the future.

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Arrival (ARVL) to reportedly shelve Bus and Uber Car to cut costs and prioritize Van deliveries

Arrival Van

Recent news out of London affirms previous statements from UK-based EV start-up Arrival – which has said it plans to cut at least one-third of its costs amid waning cash flow in order to get production of its electric Van over the starting line. The company aims to begin generating revenue off the Arrival Van before circling back to the development of its two other electric vehicles, the Bus and Car.

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We got a sneak peek of the Arrival Van ahead of US production later this year

Arrival Van US

While its initial production will begin in the UK, the Arrival Van will eventually be produced on US soil as well. In the meantime, we were able to go see the commercial EV up-close in the Big Apple and learn more about its progress first hand from Arrival President Avinash Rugoobur and CEO of Arrival North America, Mike Ableson.

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Arrival to co-develop its EV open-data platform alongside Microsoft

Arrival Microsoft

Technology company and EV startup Arrival has announced plans to co-develop a cloud-based data platform with Microsoft to enable telemetry, vehicle, and data management for future electric vehicle fleets. Together with the help of Microsoft Azure, Arrival looks to streamline the sharing of data within fleet mobility holistically.

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Arrival partners with Uber to design an EV for ride-share drivers

Arrival Uber

EV startup Arrival has announced a new partnership with Uber to design and develop a purpose-built EV specifically for ride-share drivers. Arrival plans to invite Uber’s drivers to participate in the design process to ensure this new “Arrival Car” meets their needs. The new partnership also looks to further a strategic relationship together in primary markets like the UK and the EU.

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Electric vehicle spotlight (EVS): Arrival

Arrival EV

We embark on a new week and a fresh focus on another up and coming EV company, Arrival. The UK-based automaker offers a unique and efficient approach to electric vehicles from production through delivery. Its pipeline for manufacturing, assembly, and software keeps footprints concise and minimalistic while others are going bigger and bigger. These are some of the many reasons Arrival is an EV company to watch.

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