British electric car company Arrival, which went public last year. Set a big goal for yourself. 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 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 a company to serve specific markets while reducing costs. One such market is ridesharing.
Last year, Arrivals announced plans to partner with Uber to develop and manufacture an affordable, dedicated electric cab-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 Ragubur, President of Arrival, will sit with us for a fireside chat next to a prototype vehicle designed for Uber drivers. bee TC Session: Mobility 2022 May 18-19 in San Mateo, California.
While the vehicle of the future will be at the center of the discussion, you can expect to touch on 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 a UPS order for 10,000 vehicles with an option to purchase another 10,000 vehicles. 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 joining Arrivals, Rugobur led GM’s $1 billion acquisition of Cruise and was part of the team that later raised $14 billion. This work has been instrumental in accelerating AV delivery and building the 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.
TC Session: Mobility 2022 Breaks the hype and goes beyond the headlines to explore 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.I