Arrival
EVUK
New to Unitard
π Dead / Bankrupt
PeakΒ $13 BillionToday
~-99%
from peak
- π¦Became a unicorn2020
- πPeak valuation$13 Billion β21
- πBecame a Unitard2024
- πΈLast valuationWiped out
π₯ Raised & burned
$1.5B
Total raised
$454K/day
Burned Β· 9.0y alive
Funding: Sifted/press
Current status
Bankrupt 2024; assets to Canoo
The rise & fall
9 moments Β· 2015β2024The key moments, with employee sentiment along the way.
2015
2015
Founded in London
Denis Sverdlov's stealthy startup promises cheap electric vans built in local 'microfactories.'
TechCrunch
Jan 2020
Jan 2020
Joins the unicorn club
A β¬100M HyundaiβKia investment values the vanmaker around β¬3B before it has delivered a vehicle.
Reuters
Mar 2021
Mar 2021
The peak: ~$13B SPAC debut$13B
The SPAC listing values the microfactory dream around $13B β still before a single van has shipped.
TechCrunch
2022
2022
Cash burns, roadmap wobbles
Production targets slip as the company juggles buses, vans and a car; layoffs begin while the cash pile shrinks.
TechCrunch
2022
From the inside Β· Glassdoor reviews, 2022
Employees flagged it early: Glassdoor reviews from 2022 called Arrival a sinking ship, returning again and again to one diagnosis β it chased too many products instead of finishing a single van β while leaders spent on baristas, free lunches and office expansions as the money ran out.
Jan 2024
Jan 2024
Delisted
The shares are struck from the exchange after the stock's near-total collapse.
TechCrunch
Feb 2024
Feb 2024
Into administration β joins the Unitard Club π
The microfactories never reached volume production; Arrival collapses into insolvency having raised some $1.5B.
TechCrunch
2024
2024
Assets go to Canoo
Fellow struggling EV maker Canoo picks up Arrival's assets out of the wreckage.
TechCrunch
$12.9Bof peak value erased Β· 9 years
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Arrival was a UK electric-vehicle startup building modular electric vans in 'microfactories,' reaching a ~$13B valuation after its 2021 SPAC listing. It never reached volume production, burned through cash, and was delisted from the NYSE in January 2024 before collapsing into bankruptcy, its assets later going to EV maker Canoo.
Source: TechCrunch; NYSE delisted Jan 2024
Founder
- Denis Sverdlovfounder & CEONo public profile matched
