Arrival President On EV SPAC Listing, Electrifying Public Transit, and Microfactories
In an attempt to capitalize on heightened demand from investors as auto companies and cities prepare for a decarbonized transportation system, Arrival is combining with CIIG Merger Corp. in a deal valuing the London-based electric bus and van company at $5.4 billion. Arrival's President, Avinash Rugoobur, chats with Hope King about how the company plans to invest the proceeds from the deal, why microfactories are the key to efficiently ramping up production of electric vans and buses, competition with Rivian, and Tesla's move into bitcoin.
(First published Feb. 8, 2021)
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