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Arrival secures emergency cash so it can sell itself

Arrival, the once buzzy EV startup that went public via a merger with blank check company, is in its final death throes. The company has secured a $50 million bridge loan, funds that will to keep it afloat long enough to explore a potential sale, according to a regulatory filing posted Wednesday.  The additional liquidity,…

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This EV startup was going to revolutionize how cars were made – now, it’s on life support

Arrival set out eight years ago to make electric vehicle production “radically more efficient.” So far, its plan to forgo the gigafactory for local microfactories has proved anything but. Arrival trumpeted how its automated microfactories would simultaneously churn out electric vans for UPS, cars for Uber drivers, and buses for the U.K., Italy and California….