Electric commercial vehicle manufacturer Arrival has entered administration, having failed to launch its debut electric van.

A statement issued on behalf of Arrival Group said: "The Group’s liquidity position has been impacted by challenging market and macroeconomic conditions resulting in delays in getting the Group’s products to market.

"As such, the Joint Administrators are now exploring options for the sale of the business and assets of the Companies, including its electric vehicle platforms, software, intellectual property and R&D  assets, for the benefit of creditors."

Arrival develop purpose-built commercial vehicles, including flexible and sustainable manufacturing methods. Its vehicle platforms include last-mile delivery vans, intracity buses and ride-sharing passenger cars and are backed by proprietary software applications, intellectual property and patents, with more than $1.5bn having been invested to date.

The group is headquartered in Banbury and operates from nine sites across the UK. Currently, Arrival employs around 400 people.

In 2023, in response to a challenging capital market environment, it was announced that production would be focused on its Class 4 delivery van (the “XL Van”), to be sold in the US market.  

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