BlackRock Bets on Electric-Vehicle Startup Arrival With $118 Million Investment

Oct 15

Written By CRETI

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.

BlackRock,...

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BlackRock Bets on Electric-Vehicle Startup Arrival With $118 Million Investment

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