The electric bus and van developer has added cash from funds managed by BlackRock to money raised from Hyundai, Kia and UPS in January.

Arrival, the UK-headquartered electric vehicle developer that counts carmaker Hyundai and delivery services provider UPS as investors, raised $118m from funds managed by investment management firm BlackRock yesterday. Founded in 2015, Arrival is working on smart plug-in electric buses and vans in addition to a suite of digital products such as in-car systems that generate…

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