$100m investment pulls an EV start-up out of stealth mode

A UK start-up making electric commercial vehicles has won $111.5m in investment from Hyundai and Kia. According to Wired, Arrival will jointly develop vehicles and share know-how with its backers while it scales up its operations and moves to put a vehicle on the market in the next few years. While the company is still small, demand for electric commercial vehicles has blossomed recently, with Amazon placing an order for 100,000, while UPS owns some 10,000 alternative fuel vehicles. Arrival vehicles will provide predictive maintenance and health monitoring, and will be “future proofed” to accommodate autonomous driving, when required.