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UK electric van startup Arrival to go public in U.S. at $5.4 billion valuation

Arrival has an order for 10,000 electric delivery vans from UPS, with an option for another 10,000.
NC
By:
NICK CAREY
R
By:
Reuters
|
November 18, 2020 02:00 PM

LONDON -- British electric van startup Arrival, which is backed by Hyundai and BlackRock, has agreed to merge with CIIG Merger Corp. to get a U.S. listing at a market valuation of about $5.4 billion, it said Wednesday.

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