January 21, 2021
Business News

BlackRock Bets on Electric-Vehicle Startup Arrival With $118 Million Investment – The Wall Street Journal

Electric-vehicle startup Arrival Ltd. said it has raised $118 million from funds managed by BlackRock Inc., the latest investor bet on new technology upending the auto sector.
The investment values the U.K.-based manufacturer at around 3 billion, equivalent to $3.5 billion, according to a person familiar with the matter. The Wall Street Journal earlier Wednesday reported the investment.

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