Antara Capital, a private investment firm, agreed to invest $50m in Arrival, a British electric vehicle manufacturer headquartered in London. “Today’s agreements are an important step in the fund-raising process to support Arrival’s business plan and are in the best interests of all of our stakeholders. It delivers $50m of new capital and significantly strengthens our balance sheet by reducing debt by 38%. We are delighted by the confidence that Antara has demonstrated in the exciting technologies we have developed to unlock the significant potential in the EV market," John Wozniak, Arrival CFO.