Arrival’s Avinash Rugoobur to reveal EV built with Uber at TC Sessions: Mobility 2022 – TechCrunch

Arrival, a UK-based electric vehicle company that went public last year, has set itself a lofty goal. The company aims to produce electric vehicles that cost less than other electric vehicles. Y it competes with the prices of vehicles that run on fossil fuels.

A lofty goal requires a bold plan. For Arrival, that means bypassing the traditional large-scale or even “giga” factory used by major automakers, and instead moving to a much smaller, more decentralized approach. Arrival plans to build 31 microfactories by 2024, including one in Charlotte, NC

These microfactories allow the company to serve specific markets while keeping costs down, Arrival argues. One such market is ride sharing.

Arrival last year announced plans to design and build an affordable, purpose-built electric vehicle for ride-sharing in partnership with Uber. Drivers were even invited to join the design process for the vehicle, which is expected to go into production in the third quarter of 2023.

Now, a year later, Arrival is ready to show off its progress, and in person.

We’re pleased to announce that Avinash Rugoobur, President of Arrival, will sit down with us for a fireside chat next to a prototype of the vehicle designed for Uber drivers at TC Sessions: Mobility 2022 in San Mateo, California, May 18-19. .

While the upcoming vehicle will be a central point of discussion, expect a wide range of other topics to be covered, from Arrival’s interest in the commercial vehicle market and its micro-factory plans to its future products and whether it can ramp up production. of vehicles fast enough to turn their many non-binding orders and letters of intent (LOIs) into actual sales.

Those pending deals represent 59,000 vehicles, including an order from UPS for 10,000 vehicles with an option to buy another 10,000. In total, the deal could be worth more than $1 billion.

We’re also curious about what steps remain before we see Arrival buses and vans on the roads, and you can bet we’ll be asking when the EV that Arrival designed for Uber drivers hits the streets.

We have so many questions, and Rugoobur is the right person to provide the answers.

Responsible for the company’s product and business strategy and international expansion, Rugoobur oversaw Arrival’s public listing in March 2021 – the UK’s largest IPO with a $13bn listing on Nasdaq. He also led the closing of more than $300 million in investments from top-tier investors, including Hyundai, Kia, UPS and funds managed by BlackRock.

Before joining Arrival, Rugoobur led GM’s $1 billion acquisition of Cruise, and was part of the team that saw its subsequent valuation increase to $14 billion. This work was instrumental in accelerating AV delivery and creating the OEM/startup ecosystem.

Don’t miss what promises to be a fascinating conversation with Rugoobur and an in-depth look at Arrival, a company trying to reinvent the car manufacturing industry and drive down the cost of electric vehicles.

TC Session: Mobility 2022 breaks the hype and goes beyond the headlines to discover how the merging of technology and transportation will affect a wide swath of industries, cities, and the people who work and live in them. Buy your pass today, before prices go up, and you’ll save $200!

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