Is Arrival EV still in business?
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.
Who is the owner of Arrival?
Denis sverdlov, the founder of arrival, has always been passionate about engineering and technology. His work in the ev industry has made him one of the most influential figures in the field. Arrival is a british electric vehicle manufacturer, founded in 2015 by russian telecom billionaire businessman denis sverdlov, the former deputy minister of mass communications to the kremlin. It leases two micro factories in oxfordshire and owns the manufacturing equipment, with its uk headquarters in banbury.