UPS invests in electric vehicle manufacturer Arrival

(Climate Action, 31 Jan 2020) UPS has announced its investment in electric vehicle manufacturer Arrival.

To support the energy transition, packaging delivery company UPS has announced its £339 million investment in electric vehicle company Arrival.

Along with the investment in Arrival, UPS also announced a commitment to purchase 10,000 electric vehicles.

Arrival, headquartered in the UK, is a technology company that created Generation 2 Electric Vehicles, a new product category that surpasses existing electric vehicles in cost, design and efficiency.

Arrival will build the vehicles in micro-factories, using lightweight, durable materials the company designs and creates in-house. UPS will deploy the purpose-built EVs across Europe and North America between 2020 and 2024.

Juan Perez, UPS chief information and engineering officer, said: “UPS continues to build an integrated fleet of electric vehicles, combined with innovative, large-scale fleet charging technology.”

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Climate Action, 31 Jan 2020: UPS invests in electric vehicle manufacturer Arrival