Arrival SA

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Arrival SA engages in the research and development, and design of electric commercial vehicles, electric vehicle components, robotic manufacturing processes for electric vehicles, and associated software. The company was founded by Denis Sverdlov in 2015 and is headquartered in Howald, Luxembourg.

Canoo

Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes towards commercial production.

Bankrupt EV startup Arrival sold its assets to Canoo

News for Arrival SA Stock (ARVLF)