Electric cars such as battery electric vehicles & plug-in hybrid electric vehicles are slowly penetrating the EU market. Over the last few years, the registration of electric cars in the EU has been steadily increasing. Electrifying the commercial vehicle is not only a prudent economic decision but also demonstrates the company’s green credentials.
Reinventing automotive industry
Based out of London, Arrival is a developer and manufacturer of zero-emission, public transportation vehicles. Recently, the UK company has raised $118M (approx €100M) from BlackRock. With this funding, BlackRock joins other investors including Hyundai Motor Company, Kia Motors Corporation, and UPS.