£85 Million invested into UK Startup 'Arrival' by Hyundai and Kia

Hyundai Motor Company and Kia Motors Corporation announce today a €100M investment in UK based electric vehicle company Arrival.

The investment marks the start of a strategic partnership between the automakers to jointly accelerate the adoption of commercial electric vehicles globally. Hyundai and Kia will use key Arrival technologies to help achieve their recently announced goal to develop mobility services and electrify their vehicle fleets.

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  • Hyundai and Kia invest €100M, making Arrival one of the UK’s largest unicorn businesses.

  • Arrival, Hyundai and Kia will jointly develop vehicles using Arrival platforms and key technologies

  • Arrival’s Generation 2 Electric Vehicles are a new category of electric vehicles that surpass traditional vehicles in cost, design and efficiency

  • Generation 2 vehicles are designed to be assembled by micro-factories – located to serve local communities, with small footprint to achieve profitability at thousands of units

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NewzzRobert JacksonE Vans, Electric city van, E Delivery VanComment