Arrival Reveals Prototype Of Ride Hailing Electric Car

Arrival SA ARVL has revealed the first finished prototype of the Arrival Car.
The Arrival electric Car has been designed specifically for the ride-hailing industry, partnering with Uber Technologies Inc UBER drivers.
Arrival partnered with Uber to develop a purpose-built electric vehicle (EV) for ride-hailing drivers earlier this year.
Arrival said its vehicle has exceptional visibility and comfort - with legroom twice as large as an average car of the same length.
The company noted the prototype finished on schedule and is ready for testing in the new year. It plans to incorporate the feedback into the next design phase.
"Over the past six months, we have been working closely with Uber's drivers to create a vehicle specifically for the ride hailing industry, and making it affordable, durable and great to look at," said Tom Elvidge, EVP Vehicle Platforms at Arrival.
Price Action: ARVL shares are trading higher by 4.05% at $7.70 in premarket on the last check Thursday.