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A Tesla rival is going public at a $5.4 billion valuation via a SPAC set up by Marvel Comics' ex-CEO

9 days ago   |   By Business Insider

Arrival
A Tesla-like British startup is set to go public at a $5.4 billion valuation via a special-acquistion company formed by former Marvel Comics CEO Peter Cuneo. London-based Arrival will combine with US firm CIIG Merger. The combined company expects to list on the NASDAQ under the ticker symbol "ARVL." Arrival competes with EV-maker Tesla and the creator of Amazon's first custom-electric delivery vehicle, Rivian. The startup's signed contracts currently amount to as much as $1.2 billion. Visit Business Insider's homepage for more stories. British electric-vehicle startup Arrival will...
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