Arrival
business update private confidential at the end of we had approximately million of cash and cash equivalents on hand which is not enough capital to ramp up volume production of the van in in our financial results we announced plans to use existing cash on hand of million plus funds available through a million at the market platform to deliver the first vehicles to customers this year invest in hard tooling and launch the next year due to the current market cap and average daily trading volumes the has not allowed us to raise the capital to do what we need to do in the we want to do it and we were later than expected in delivering upon some of our key objectives at the same time the introduction of the inflation reduction act tax credits ranging from up to for commercial electric vehicles the large market size plus the anticipated higher margins for commercial vehicles made the us our most attractive market | Arrival
Company
Deck Type
Sector
Industry
Deck date
November 2022
Slide
7 of 17
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