Welcome to our dedicated page for Arrival news (Ticker: ARVL), a resource for investors and traders seeking the latest updates and insights on Arrival stock.
Arrival Ltd. (Nasdaq: ARVL) is a London-based electric vehicle innovator revolutionizing commercial transportation through proprietary Microfactory technology. This news hub provides investors and industry observers with comprehensive coverage of the company's financial developments and operational milestones.
Track official announcements ranging from quarterly earnings to strategic partnerships and manufacturing innovations. Our curated collection ensures timely access to material updates affecting ARVL's market position, including corporate restructuring efforts and technological advancements in sustainable mobility solutions.
This resource serves as an essential tool for monitoring Arrival's progress in executing its vision of localized, efficient EV production. Users will find verified information on leadership decisions, production scaling initiatives, and regulatory developments impacting the zero-emission vehicle sector.
Bookmark this page for streamlined access to Arrival's evolving story in the electric vehicle industry. For direct inquiries, consult the company's authorized communications channels listed in their investor relations materials.
Arrival (NASDAQ: ARVL) has unveiled the first prototype of the Arrival Car, designed in collaboration with Uber drivers, aimed at transforming the ride-hailing industry. This electric vehicle features enhanced comfort and safety, with double the legroom compared to typical cars. The vehicle was developed in just over six months, leveraging Arrival's innovative microfactory production model. The testing phase is set to commence, with plans for further enhancements based on driver feedback. This initiative supports the transition to electric vehicles in urban environments, contributing to cleaner air and sustainability goals.
Valvoline has partnered with Arrival to enhance vehicle maintenance services for electric vehicles (EVs) and hybrids. As one of four initial service partners in Arrival's Service Network Program in the U.S., Valvoline aims to integrate its maintenance expertise with Arrival's innovative service platform. This partnership is designed to swiftly meet the maintenance needs of Arrival's clients, leveraging Valvoline's extensive service network of nearly 1,600 centers. The collaboration signifies a strategic move for Valvoline to expand its offerings in the EV sector.
Li-Cycle (NYSE: LICY) announced a partnership with Arrival (NASDAQ: ARVL) to enhance the sustainability of the EV battery supply chain in the U.S. and Europe. This collaboration focuses on thought leadership and R&D for improving lithium-ion battery recycling and efficiency. Arrival aims to use Li-Cycle's innovative recycling technologies to transform end-of-life batteries from its EV fleets into new battery-grade materials. Both companies are committed to creating a closed-loop system to better manage battery lifecycle impacts and improve resource recovery.
Arrival (NASDAQ: ARVL) has successfully completed its follow-on offering of 37,229,736 ordinary shares, raising approximately US$337.8 million in net proceeds. The offering included an additional 4,856,052 shares purchased by underwriters. Goldman Sachs, J.P. Morgan, Barclays, and Cowen acted as underwriters for the deal. The offering was conducted under a registration statement filed with the SEC. Arrival aims to advance its mission of providing affordable electric solutions through local Microfactories.
Arrival (NASDAQ: ARVL) announced the successful closing of its green convertible senior notes offering, raising US$320 million, including a full exercise of the option by initial purchasers for an additional US$45 million. The net proceeds of approximately US$310.4 million will support Arrival's mission to advance electric vehicle solutions. The company emphasizes its innovative Microfactory model, which aims to produce affordable and sustainable vehicles while helping cities meet their sustainability goals.
Arrival (NASDAQ: ARVL) announced an upsize in its green convertible senior notes offering, increasing from US$200 million to US$275 million, with an additional US$45 million option for initial purchasers. The notes will bear a 3.50% interest rate, payable semiannually, and have an initial conversion rate of 84.2105 shares per US$1,000. Proceeds will finance electric vehicle projects and renewable energy initiatives. Closing is expected on November 23, 2021, subject to customary conditions.
Arrival (NASDAQ: ARVL) has announced an increased underwritten public follow-on offering, raising the size from 25 million to 32.37 million ordinary shares at a price of $9.50 each. This offering is set to close on November 23, 2021, pending customary conditions. The company has also granted underwriters an option for an additional 4.86 million shares. Goldman Sachs, J.P. Morgan, Barclays, and Cowen are the underwriters managing the offering. The registration statement has been filed with the SEC.
Arrival (NASDAQ: ARVL) has initiated a public offering of 25 million ordinary shares as part of a Follow-on Offering, with an option for underwriters to purchase an additional 3.75 million shares. This offering is linked to a registration statement filed with the SEC and is being underwritten by major financial institutions including Goldman Sachs and J.P. Morgan. The registration statement has not yet become effective, meaning shares cannot be sold or bought until then. The company aims to produce affordable electric vehicles through local Microfactories.
Arrival (NASDAQ: ARVL) announced a proposed offering of $200 million in green convertible senior notes due 2026, with an option for an additional $30 million. The notes will be senior unsecured obligations with semi-annual interest. Proceeds will fund eligible green projects, targeting EV development and renewable energy. The offering is limited to qualified institutional buyers under Rule 144A of the Securities Act. There is no guarantee that the offering will be completed. Arrival aims to enhance sustainability in the automotive sector through innovative local Microfactories.
Arrival (NASDAQ: ARVL) reported a third-quarter loss of €26 million, up from €22 million a year earlier. Adjusted EBITDA loss reached €40 million. The company is expanding its Microfactories, with non-binding orders increasing to approximately 64,000 vehicles. Despite strong demand, the 2022 revenue forecast has been revised downward, expecting modest production volumes as the first Microfactories begin operations in 2022. Arrival anticipates production will not reach full capacity until early 2023. The company plans to address rising raw material costs and is seeking capital to support its growth.
