Kinetik’s founder Denis Sverdlov Kinetik

Arrival secures £90.57 million Growth Private Equity investment from BlackRock

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Arrival accelerates global expansion with $118m investment 

The investment from funds managed by BlackRock will support execution of Arrival’s growth plans, including  the launch of first U.S. Microfactory. 

14th October 2020, London, UK: Arrival, the technology company focused on commercial electric vehicles  announced it has raised $118 million from funds managed by BlackRock.  The fundraising will be used to support execution of the company’s growth  plans as it ramps up vehicle production, including the launch of Arrival’s first  U.S. Microfactory in South Carolina. 

Arrival is reinventing the automotive industry with its entirely new approach to  the design and assembly of electric vehicles. The company’s new method uses  low CapEx, rapidly scalable Microfactories that can be placed anywhere in the  world to serve the regions they are located in. These Microfactories, combined  

with proprietary in-house developed components, materials and software, enable  the production of best in class vehicles that are competitively priced to fossil  fuel variants. This transformative approach reduces the costs of production and  emissions of shipping, and does not require massive upfront investment, creating  strong unit economics for the whole of Arrival’s product portfolio, including the  electric Arrival Van and Arrival Bus announced earlier this year. 

“We are excited to welcome BlackRock as a strategic financial investor with its  excellent track record in ESG,” said Denis Sverdlov, Founder and CEO of Arrival.  “This additional capital will be invested into Arrival’s growth, as we deepen and  expand our presence in the U.S. and other new markets globally. With our new  Microfactory in South Carolina, we are looking forward to partnering with more  cities and companies to create a sustainable future.”  

Arrival has made major inroads in the commercial electric vehicle market having  received an order of 10,000 electric vans from logistics company UPS, with the  option for a further 10,000. This investment is a reflection of the significant market  opportunity for electric vehicles, particularly in the commercial segment, which  continues to grow with increasing demand for ecommerce and is predicted to reach  


8M commercial and passenger fleets by 2030 in the U.S. alone. Arrival is poised  to address this entire market, with its competitive price and substantially lower  total cost of ownership (TCO), solving the problem of pollution and congestion  in cities around the world. 

The new funding will support Arrival’s plans to scale its Microfactory footprint in both  the U.S. and Europe. As part of its U.S. strategy, the company announced this week the  launch of its first U.S. Microfactory in York County, South Carolina, an investment of  $46M into the region and the creation of local jobs. Arrival will begin fitting out the unit  immediately and is expected to begin operations in Q2 2021, with start of production  in Q4 2021. Arrival’s Microfactories produce 10,000 Arrival Vans or 1,000 Arrival Buses  per year. 

BlackRock joins other strategic investors in the company including; Hyundai Motor  Company, Kia Motors Corporation and UPS. 

Notes for Editors 

Arrival is reinventing the automotive industry with its entirely new approach to the  design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories  combined with proprietary in-house developed components, materials and software,  enable the production of best in class vehicles competitively priced to fossil fuel  variants and with a substantially lower total cost of ownership (TCO). 

This transformative approach provides cities globally with the solutions they need to  create sustainable urban environments and exceptional experiences for their citizens.  

Arrival was founded in 2015 and is headquartered in the UK, with over 1,200 global  employees located in offices across the U.S., Germany, Netherlands, Israel, Russia,  and Luxembourg. 

For more information, please contact: 
Victoria Tomlinson  
Chief of Communications  
[email protected]

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