It’s a significant milestone for Arrival, which went public in March 2021 after combining with a special purpose acquisition company, or SPAC. Arrival, founded in 2015, is developing electric delivery vans for UPS as well as ride-hailing vehicles for Uber and municipal buses. Hyundai and Kia are also on board.
However, it has not been an altogether smooth voyage. According to Sverdlov, the business will miss its third-quarter objective of beginning serial production for the vehicle due to supply chain interruptions and “production hell.”
