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18 Nov 10:45am

UK electric vehicle maker Arrival to list on Nasdaq amid surging demand

The Guardian
Banbury-based firm to start mass production of electric buses and vans Arrival, the UK-based electric van and bus startup, is to list on the Nasdaq stock exchange in New York, in a deal that is expected to value the company at more than £4bn. The manufacturer, based in Banbury, Oxfordshire, will raise $660m (£498m) in cash as it prepares for mass production of its first electric bus within a year, followed by its electric van by early 2022.
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