BlackRock provides $118m to EV startup Arrival: Reuters

UK-based electric vehicle startup Arrival has raised $118 million in funding from BlackRock, reported Reuters.

UK-based electric vehicle startup Arrival has raised $118 million in funding from BlackRock, reported Reuters. The newswire noted that Arrival had previously raised $111 million from Korean automaker Hyundai Motor Co and sister company Kia Motors Corp as well as an undisclosed amount from United Parcel Service.

Source: Reuters