Arrival went public via a SPAC merger with CIIG Merger in a $5.4bn deal.

Arrival, a London-based technology company providing electric vehicles, went public via a SPAC merger with CIIG Merger, a special purpose acquisition company, in a $5.4bn deal. "We believe that all vehicles will soon be electric, because it is better for people, the planet and business. Arrival’s invention of a unique new method to design and produce vehicles using local Microfactories makes it possible to build highly desirable yet affordable electric vehicles - designed for your city and made in your city. Going public is an opportunity that will allow us to continue to scale globally, bringing these products to more and more cities and people. We also understand that this comes with responsibility. Arrival has a remarkable company culture, which attracts great talent and enables us to be truly creative. The hard work of more than 1800 people over the past six years has made today’s milestone possible, and I would like to personally thank each and every one of the team," Denis Sverdlov, Arrival Founder and CEO. On March 19, 2021, CIIG Merger stockholders voted to approve business combination with Arrival.