Arrival Bus production expected in Q4
Electric vehicle developer, Arrival, is expecting to start production of its electric bus in the fourth quarter of this year.
The Arrival Bus is expected to start trials in Q4 2021 with First Bus.
The news comes as the company became a publicly listed company trading on the Nasdaq Global Select Market. Arrival will be ringing the Nasdaq’s opening bell on Monday 29 March to celebrate its new public company status.
Arrival’s new method of designing and producing zero-emission vehicles is enabled by its in-house developed hardware, software and robotics technologies. This vertically-integrated approach enables the use of low CapEx Microfactories, which it claims allows it to price its electric buses and other CVs competitively with fossil fuel equivalents and provides customers with a much lower Total Cost of Ownership (TCO).
Arrival is to use a system of Microfactories, which it describes as rapidly scalable. They are designed to enable decentralised production that can be deployed in local communities. Among its first three Microfactories is one in Bicester, as well as two US sites in South and North Caroline respectively.
Arrival has grown to over 1800 employees located across the world, including the UK, USA and Germany.
Denis Sverdlov, Founder and CEO of Arrival, said, “We believe that all vehicles will soon be electric, because it is better for people, the planet and business. Arrival’s invention of a unique new method to design and produce vehicles using local Microfactories makes it possible to build highly desirable yet affordable electric vehicles – designed for your city and made in your city. Going public is an opportunity that will allow us to continue to scale globally, bringing these products to more and more cities and people. We also understand that this comes with responsibility. Arrival has a remarkable company culture, which attracts great talent and enables us to be truly creative. The hard work of more than 1800 people over the past six years has made today’s milestone possible, and I would like to personally thank each and every one of the team.”