May 27, 2022

British electric car company Arrival, which went public last year, has a big goal in mind. The company aims to produce electric vehicles that cost less than other electric vehicles. And Price competition for fossil fuel vehicles.

A big goal requires a bold plan. For the Arrivals, this means moving away from the traditional large-scale or even giant factories used by major automakers and instead moving towards a much smaller and decentralized approach. By 2024, Arrival plans to build 31 microfactories, including in Charlotte, North Carolina. includes one

These microfactories allow the company to serve specific markets while driving down costs, Arrival says. One such market is ridesharing.

Last year, Arrival announced plans to partner with Uber to develop and manufacture an affordable, dedicated electric taxi hailing vehicle. Drivers have also been invited to take part in the design process for the car, which is expected to go into production in the third quarter of 2023.

Now, a year later, The Arrival is ready to show off its progress – and in person.

We are pleased to announce that Avinash Rugubur, President of Arrivals, speaks to fire next to a prototype car designed for Uber drivers during TC Sessions: Mobility 2022, May 18-19 in San Mateo, California. He will sit with us.

While the vehicle of the future will be at the center of the discussion, you can expect to cover a wide range of other topics, from the interest of coming to the commercial vehicle market and plans for its micro-factory to its future products and whether this vehicle will speed up. , can be done. Production is fast enough to convert a few non-binding orders and Letters of Intent (LOI) into actual sales.

These pending agreements cover 59,000 vehicles, including an order for 10,000 vehicles with an option to purchase an additional 10,000 vehicles from UPS. In general, the amount of the transaction may reach more than $1 billion.

We’re also curious about what’s going to happen before we see Arrival buses and vans on the streets, and rest assured we’ll be asking when the Arrival electric car, designed for Uber drivers, hits the streets.

We have so many questions and Ragubur must answer.

Responsible for the company’s business and product strategy and international expansion, Ragubur led the March 2021 public listing, the UK’s largest Nasdaq IPO with a $13 billion IPO. He has led the completion of over $300 million in investments from major investors, including funds managed by Hyundai, Kia, UPS and BlackRock.

Prior to arriving, Rugobur led GM’s $1 billion acquisition of Cruise and was part of a team whose subsequent valuation increased to $14 billion. This work has been instrumental in accelerating AV delivery and creating an OEM/startup ecosystem.

Don’t miss out on an engaging chat with Rugubur and the promise of a closer look at Arrival, a company trying to reimagine the automotive industry and drive down the cost of electric vehicles.

Breaking the hype, TC Sessions: Mobility 2022 goes beyond the headlines and explores how the confluence of technology and transportation will impact a wide variety of industries, cities and the people who work and live in them. Buy your pass today before prices go up and you’ll save $200!

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