microfactory

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

Cowen: Arrival’s unique approach sets up opportunity in EV space

Cowen begins coverage of EV startup Arrival

Cowen has initiated coverage of electric vehicle startup Arrival (NASDAQ: ARVL), labeling the firm with an outperform rating and setting a price target of $28.50 per share.

The company went public on March 25 through a merger with special purpose acquisition company (SPAC) CIIG Merger Corp. The stock price has dropped from nearly $25 per share to $15.40 in midmorning trading Monday since then. Still, Cowen sees upside in the company’s approach, calling it unique.

“We are constructive on Arrival’s...

https://s29755.pcdn.co/news/cowen-arrivals-unique-approach-sets-up-opportunity-in-ev-space

Arrival sets second US microfactory as public trading nears

U.K. electric delivery van and bus startup Arrival Ltd. will build its second U.S. microfactory in Charlotte, North Carolina, the site of its U.S. headquarters. The SPAC-backed startup begins public trading Thursday.

The new microfactory will make vans to help fulfill a 10,000-unit order from United Parcel Service (NYSE: UPS). Many of the vehicles produced at the Charlotte microfactory are expected to enter UPS’ North American and European fleets.

“We’re excited by this significant milestone that...

https://s29755.pcdn.co/news/arrival-sets-second-us-microfactory-as-public-trading-nears