Arrival

Cash-poor transportation startups gambling for fresh capital

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As transportation and electrification startups struggle to raise capital, they are increasingly...

https://www.freightwaves.com/news/cash-poor-transportation-startups-gambling-for-fresh-capital

Carnage grows among transportation startups

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In the world of electric vehicle and autonomous trucking startups, the picture of winners and losers...

https://www.freightwaves.com/news/carnage-grows-among-transportation-startups

Last-mile startup Arrival cuts 800 jobs as it seeks survival

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Microplant developer Arrival cut 800 jobs — half of its workforce — and named a new CEO Monday. The...

https://www.freightwaves.com/news/last-mile-startup-arrival-cuts-800-jobs-as-it-seeks-survival

As others fail, BrightDrop charges toward $1B in EV revenue

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Several high-profile commercial electric vehicle startups are driving toward bankruptcy, but there...

https://www.freightwaves.com/news/as-others-fail-brightdrop-charges-toward-1b-in-ev-revenue

Dead on Arrival? EV firm slashes production target more than 95%

Conceptual image of Arrival van

U.K.-based Arrival is the latest electric vehicle maker to reorganize its business, slashing production targets and delaying deliveries of vehicles in the process.

The company released second-quarter earnings on Thursday, posting a $90 million loss and saying it expects to deliver just 20 vehicles this year, down from an anticipated 400-600 units. Last week, the company said it would be reorganizing amid a challenging economic environment.

“Arrival has proposed plans that include a realignment of...

https://www.freightwaves.com/news/electric-vehicle-maker-arrival-cuts-production-to-save-cash

Truck Talk: Inside earnings edition

The earnings season is typically about top and bottom lines: revenue, income and that EBITDA acronym that looks at income as a percentage of sales. But there’s more. We looked for insights from a few transcripts of Q3 analyst calls. Also, there is another industry shortage as acute as the much-publicized paucity of truck drivers.

Future fuel injection?

Cummins Inc. hasn’t said much about its plans to make a hydrogen-fueled internal combustion engine. But we know a little more following this...

https://www.freightwaves.com/news/truck-talk-inside-earnings-edition

Rivian for the win: Electric-vehicle maker targets $8B IPO windfall

Electric vehicle maker Rivian moves closer to IPO

Electric-vehicle maker Rivian, which is backed by Amazon, Ford and T. Rowe Price, is looking to raise between $5 billion and $8 billion in an initial public offering, Reuters is reporting.

The company filed last month confidentially with the Securities and Exchange Commission for an IPO that could value the company at $80 billion.

“The size and price range for the proposed offering have yet to be determined,” the company said in a statement issued to the media at the time. “The initial public...

https://www.freightwaves.com/news/rivian-for-the-win-electric-vehicle-maker-targets-8b-ipo-windfall

Surging container rates, semiconductor shortage only blips on radar for Arrival, ELMS

Two electric van startups are facing different challenges in the months ahead, but at least one analyst remains supportive of both firms’ long-term potential.

Electric Last Mile Systems (ELMS) will be first out of the gate with its Class 1 electric van, but shipping costs could alter the pricing dynamics for customers, according to research firm Cowen. Conversely, Arrival (NASDAQ: ARVL) will take longer to bring its vehicles to market, but as a result should avoid the peak of the global...

https://www.freightwaves.com/news/surging-container-rates-semiconductor-shortage-only-blips-on-radar-for-arrival-elms

Arrival and its automated driving system reach major milestone

Arrival tests automated driving system autonomous driverless vehicle car truck van

Autonomous vehicle manufacturer Arrival (NASDAQ: ARVL) announced on Monday a successful test run of its automated driving system (ADS) at a fully functioning parcel facility. It’s the first time one of its Arrival Vans has driven around a facility without a driver in tow, performing all daily operations of a commercial fleet driver. The driverless vehicles are intended to boost both safety and efficiency in depots.

The Arrival Van is the most recent addition to the company’s Robopilot project,...

https://www.freightwaves.com/news/arrival-and-its-automated-driving-system-reach-major-milestone

Arrival taps HERE Technologies for electric-van routing

Arrival chooses HERE for navigation software

The routing of electric vehicles is extremely critical to maximize miles due to range limitations. Go too far out of route and that vehicle may not make it back to the depot at the end of the day.

Arrival (NASDAQ: ARVL), which has burst onto the scene with its electric delivery vans, buses and soon-to-be-developed cars, has chosen HERE Technologies to solve that routing complexity.

“We are extremely proud to be partnering with Arrival on tackling the challenge of our times – zero-emissions...

https://www.freightwaves.com/news/arrival-taps-here-technologies-for-electric-van-routing

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