UK electric van developer Arrival has today announced that it has secured a $118m investment from funds managed by BlackRock, providing a major boost to its ambitious expansion plans.
The company said the latest funding round would support the ramping up of its vehicle production capacity, including the launch of its first US 'microfactory' in South Carolina. ESG Blog: UK's first local govt green bond raises £1m "We are excited to welcome BlackRock as a strategic financial investor with its excellent track record in ESG," said Denis Sverdlov, founder and CEO at Arrival. "This additional capital will be invested into Arrival's growth, as we deepen and expand our presence in the US and other new markets globally. "With our new Microfactory in South Carolina, we...
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