Korean auto giants Hyundai and Kia have invested over $110 million in Arrival, making the electric vehicle company one of Britain's most valuable startups.
Hong Kong Korean auto giants Hyundai and Kia have invested over $110 million in Arrival, making the electric vehicle company one of Britain's most valuable startups.
The €100 million infusion values Arrival at €3 billion , a company spokesperson said, and will help jump-start collaboration between the three automakers. It's a big boost for Arrival, a five-year-old company that has about 800 employees across five countries, including Germany, the United States and Russia. It's based in London.Arrival wants to make electric vehicles that cost about the same as traditional models powered by fossil fuels.
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