What is happening with Arrival?
Whatever the reasons, Arrival tanked hard. In 2023, it cut half its workforce. Its assets were then acquired by another EV startup, Canoo, which itself filed for bankruptcy earlier this year. Once valued at $13bn, the UK electric van maker fell into administration in early 2024. Electric vehicle startup Arrival has shut down operations and made all but one member of staff redundant after a planned sale of the beleaguered company collapsed.It’s the latest in a line of failed electric vehicle manufacturers. Arrival went bust in early 2024, and was followed by car brand Fisker. At the start of 2025, electric van brand Canoo ceased operations. In 2022, Nikola was embroiled in a scandal, which resulted in its founder being jailed for fraud.
Will the Arrival company survive?
The final collapse and liquidation. In early 2024, Arrival’s UK division entered administration, marking the beginning of its end. After Nasdaq delisted Arrival’s shares, the company’s US, German, and Spanish entities followed into insolvency proceedings. In February 2024, after getting its stock delisted from the Nasdaq, Arrival’s UK division entered administration, with future plans of a sale of Arrival and all of its affiliated assets. In March 2024, Arrival’s assets were acquired by Canoo, another EV startup.