Arrival EV Pitch Deck (2020): 57-Slide Breakdown

Arrival’s 57-slide investor presentation (10 slides analyzed here) positions the company as a disruptive force in the electric vehicle sector by rejecting the capital-intensive legacy OEM model. The core thesis rests on 'Microfactories'—small-footprint production sites that cost $44M to build versus the $950M required for a traditional plant. The deck leans heavily on commercial validation, citing a $1.2 billion order for 10,000 units from UPS and a €100 million investment from Hyundai and Kia. Technically, the company emphasizes proprietary composite materials that reduce tooling costs by 25…

Key takeaways

• The company claims a $1.2 billion commercial order from UPS for 10,000 units, with an option for 10,000 more (Slide 7).
• Strategic validation is provided by a €100 million investment from Hyundai and Kia Motors (Slide 7).
• The Microfactory model is projected to cost $44M per site, compared to $950M for a traditional VW factory in Poland (Slide 25).
• Arrival claims its proprietary composite materials reduce tooling costs by 25x and allow for a 18-month vehicle development program (Slide 31).
• The Arrival Van H3L4 N2 is marketed with a 1,975kg payload, significantly higher than the Mercedes Sprinter H2L1 at 1,061kg (Slide 13).
• Financial projections in the benchmarking slide estimate 2024 revenue at $14,135M (Slide 43).
• The management team includes leaders with experience from Yota, LG Electronics, and Google (Slide 49).
• The deck assumes an Enterprise Value of $5.39B for benchmarking purposes against peers like Canoo and Nikola (Slide 43).

Frequently asked questions

What is the primary competitive advantage claimed by Arrival?

Arrival's primary advantage is its 'Microfactory' approach. As shown on Slide 25, these factories require significantly lower capital ($44M vs $950M for traditional OEMs) and can be deployed in just 6 months. This decentralized model allows for production closer to end-markets and profitability at much lower volumes than legacy automotive manufacturing, which typically requires millions of units to break even.

How does Arrival validate its market demand in the deck?

Market demand is validated through a massive commercial agreement with UPS. Slide 7 details orders worth approximately $1.2 billion for 10,000 units, plus an option for an additional 10,000. The slide also notes a long-standing trial partnership with UPS since 2016, suggesting the technology has undergone multi-year testing before the large-scale commitment.

What technical innovations are highlighted regarding vehicle construction?

Slide 31 focuses on proprietary composite materials. Arrival claims these materials are 'ultra tough' and 'automotive-grade' but do not require traditional metal stamping or expensive paint shops. This innovation reportedly reduces tooling costs by 25x and enables a transition from CAD data to production in just two weeks, drastically shortening the R&D cycle.

Who are the key members of the management team?

Slide 49 lists the management team, including Sergey Malygin (Technology), who led software teams at Yota; Rob Thompson (Materials), a global expert with experience at LG and Nokia; and Nick Arini (Creation Platform), who has experience with Google Cloud and holds over 50 patents. The team is positioned as a mix of automotive, materials science, and high-tech software expertise.

How does Arrival's valuation compare to its peers in this deck?

On Slide 43, Arrival uses an 'Assumed EV of $5.39B' to benchmark itself. It argues that at this valuation, it trades at a significant discount to the 2024 median enterprise value multiples of peers like Nikola, Fisker, and Workhorse. Specifically, it claims a 71% implied discount to the 2024E median EV/Sales multiple, suggesting a 3.5x 'money multiple upside' for investors.

Arrival EV pitch deck: the facts

Company

Arrival EV

Year

2020

Stage

Late Stage / Pre-SPAC

Slides

57

Sector

Electric Vehicles / Automotive

Deck type

Investor Presentation

Outcome

Public (SPAC)

Headquarters

London, UK / Luxembourg

Arrival EV pitch deck PDF

The full Arrival EV deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Arrival pitch deck was used for

This is Arrival’s 57‑slide investor presentation dated November 18, 2020, prepared for a proposed business combination with U.S. SPAC CIIG Merger Corp, at a late-stage/pre‑SPAC phase. The deck presents Arrival’s electric commercial vehicle strategy and its proprietary Microfactory manufacturing approach, including details of existing orders and strategic partnerships. It was used to market the merger transaction valuing Arrival at roughly $5.4–$5.7 billion and to support a concurrent $400 million PIPE raise from institutional investors. The presentation framed the deal as funding the scale‑up of vehicle production, deployment of Microfactories, and commercialization of Arrival’s platform globally.

Business model: Designs and manufactures electric commercial vehicles (vans and buses) using a decentralized network of small, highly automated “Microfactories” located close to demand, aiming for low-capex, flexible production and competitive total cost of ownership versus fossil-fuel vehicles.

Investors

CIIG Merger Corp public shareholders via its $260 million trust account., Funds managed by BlackRock., Fidelity Management & Research Company LLC., Wellington Management., BNP Paribas Asset Management Energy Transition Fund.

Headquarters

London, United Kingdom

Industry

Electric Vehicles / Automotive

Round: Late Stage / Pre‑SPAC; public listing via de‑SPAC completed in March 2021.

Year: 2020 announcement; business combination closing in 2021.

Raising: Business combination with CIIG Merger Corp plus concurrent PIPE financing to fund Arrival’s growth.

Raised: Approximately $660 million in gross proceeds expected from the SPAC transaction: $260 million from CIIG’s trust and $400 million from the PIPE.

Lead investor: CIIG Merger Corp as the SPAC sponsor and organizer of the transaction; PIPE led by a group of institutional investors including funds managed by BlackRock, Fidelity, Wellington, and BNP Paribas Asset Management Energy Transition Fund.

Total funding: Approximately $660 million raised in connection with the CIIG Merger Corp business combination, comprising $260 million from CIIG’s trust account and a $400 million PIPE from institutional investors.

Use of funds as presented: Fund deployment and ramp-up of Arrival’s Microfactory network, development and production start of its electric commercial vehicle portfolio, and general corporate purposes, as outlined in SPAC and registration filings.

What happened after the Arrival deck

Arrival used this 2020 investor presentation to support a SPAC merger with CIIG Merger Corp and a concurrent $400 million PIPE, resulting in about $660 million of gross proceeds and a U.S. listing at an implied valuation of approximately $5.4–$5.7 billion. The transaction closed on March 24, 2021, after which Arrival operated as a publicly listed EV manufacturer but later faced securities class ac

• November 18, 2020: Arrival enters into a definitive business combination agreement with CIIG Merger Corp for a reverse m
• 2020: Institutional investors, including funds managed by BlackRock, Fidelity, Wellington, and BNP Paribas Asset Managem
• March 24, 2021: The business combination between Arrival and CIIG Merger Corp is completed, with CIIG shareholders excha
• Post‑merger: Arrival faces securities litigation regarding alleged false and misleading statements about its business an

What the Arrival deck got right

• Distinctive Microfactory manufacturing model. Arrival’s **Microfactory** concept offers a clearly differentiated manufacturing strategy: small, flexible, low-capex production facilities located close to demand, using cell-based robotic assembly instead of traditional automotive lines, which the deck positions as enabling competitive pricing and lower total cost of ownership.
• Significant UPS order as commercial validation. The deck highlights a **UPS order valued at approximately $1.2 billion** for 10,000 vehicles with an option for an additional 10,000, along with prototype deliveries starting in 2020, providing strong commercial validation from a leading global logistics company.
• Strategic backing from major automotive OEMs. Strategic investments and cooperation agreements with **Hyundai and Kia**, including a €100 million investment and business collaboration agreement, signal industry endorsement of Arrival’s technology and business model and broaden its potential ecosystem.
• Clear multi-vehicle product roadmap and timelines. The investor presentation indicates **four vehicle designs expected in market by 2023** and a planned **Q4 2021 start of production** for the first vehicle, conveying a clear near-term product roadmap for commercial vans and buses.
• Strong talent and employer branding recognition. Arrival emphasizes being named **LinkedIn’s #1 startup to work for in the UK in 2020**, which supports the narrative of strong talent attraction and employer brand in a competitive EV and robotics sector.
• Robust institutional PIPE backing alongside SPAC. The SPAC transaction is coupled with a substantial **$400 million PIPE from well-known institutional investors** (BlackRock, Fidelity, Wellington, BNP Paribas Asset Management’s Energy Transition Fund), which enhances credibility and provides significant growth capital.

What could have been stronger

• Aggressive profitability claims without historical financial validation. The deck makes strong profitability claims (such as “industry leading profitability enabled by proprietary hardware, software and robotics platforms”) without presenting clear, sourced historical profitability data or detailed unit economics on the slides provided, which may leave investors uncertain about how margins will actually be achieved.
• Limited operational proof for a radically different manufacturing model. Arrival’s Microfactory model represents a significant departure from conventional auto manufacturing, yet the deck offers limited evidence in the slides provided of proven large-scale operational performance or long-term reliability of this approach at commercial volumes.
• Sparse disclosure of assumptions behind financial projections. The investor presentation uses forward-looking financial projections and explicitly notes their illustrative and uncertain nature, but investors receive little visibility in the text shown into the key underlying assumptions (e.g., adoption rates, capex per Microfactory, learning curves), complicating independent validation.
• High dependence on a few large partners with limited contract detail. While the deck highlights major partners (UPS, Hyundai, Kia), only limited quantitative detail is shown about contract terms, conditions, and potential cancellation or delay risks, which could materially affect future revenue but are not fully elaborated in the slide excerpts.
• More emphasis on employer brand than governance and risk controls. The deck emphasizes being named LinkedIn’s #1 startup to work for in the UK in 2020, but devotes comparatively less visible space in the provided text to governance, controls, and risk management structures—issues that later gained prominence for SPAC-era EV companies.

How an investor would read this deck

What draws attention

• Scale and economics of the **Microfactory model**, including capex per site, throughput, and flexibility versus traditional plants.
• Validation and durability of **commercial orders**, particularly the UPS order of approximately $1.2 billion and the commitment structure behind Hyundai and Kia’s €100 million investment.
• Execution risk around **production ramp-up**, given plans for four vehicles by 2023, Q4 2021 start of production, and build-out of multiple Microfactories.
• Structure, dilution, and governance of the **SPAC merger and PIPE**, including how $660 million of gross proceeds would be deployed and what protections exist for public shareholders.
• Comparison of Arrival’s **unit economics and total cost of ownership** versus fossil-fuel vehicles and other EV competitors, and how this supports long-term margin targets.

Risks that stand out

• Significant **execution risk** in scaling an unproven Microfactory manufacturing approach to high volumes while maintaining quality and cost advantages over conventional plants.
• High **customer concentration risk**, with a substantial portion of projected demand tied to a single large logistics customer (UPS) and a small set of strategic OEM partners.
• Potential **projection and SPAC-related risk**, given heavy reliance on forward-looking statements and optimistic growth assumptions typical of 2020 SPAC-era EV deals.
• Capital intensity and **funding risk** if additional capital is required beyond the $660 million associated with the CIIG merger and PIPE to fully build out the planned Microfactory network and product line.
• Regulatory, technology, and **competitive risk** in the commercial EV market, including competition from established OEMs and other EV startups, and evolving emissions and safety standards that could affect vehicle design and timelines.

Questions this deck invites

• Provide detailed unit economics per vehicle type (van, bus, etc.), including bill of materials, labor, overhead, and expected gross margin at scale, and reconcile these to claims of industry-leading profitability.
• Show operational data from existing Microfactories (e.g., Rock Hill and Bicester) on uptime, throughput, defect rates, and capex/opex, and explain how these inform the rollout plan to 10+ Microfactories.
• Clarify the contractual terms of the UPS order and Hyundai/Kia agreements: minimum purchase commitments, options, cancellation clauses, delivery schedules, and any conditions precedent.
• Provide a detailed use-of-proceeds plan for the $660 million expected from CIIG’s trust and the PIPE, broken down by Microfactory deployment, R&D, working capital, and contingency reserves.
• Explain the key assumptions behind the financial projections in the deck (volume ramp, pricing, factory productivity, capex per factory) and show sensitivity analyses for adverse scenarios (e.g., order delays, cost inflation, slower adoptio

What founders can take from the Arrival deck

• A clearly articulated, differentiated manufacturing model (Arrival’s Microfactories) can be a powerful centerpiece of an investor narrative when paired with concrete examples of deployment sites and comparative advantages versus incumbents.
• Large, quantified commercial orders (such as UPS’s approximately $1.2 billion order with options) and brand-name strategic investors (Hyundai, Kia) can provide strong validation and help support sizable public-market transactions.
• Explicit forward-looking disclaimers and discussion of projection uncertainty, as used in Arrival’s introduction slides, are important in SPAC-era decks that rely heavily on future financial scenarios.
• Combining a SPAC business combination with a substantial PIPE raise from reputable institutional investors (e.g., BlackRock, Fidelity, Wellington, BNP Paribas funds) can enhance perceived deal quality and provide more robust capitalization.
• Highlighting employer-brand recognition (such as LinkedIn’s #1 UK startup ranking) can support the narrative around talent and culture, but investors will still expect rigorous detail on governance, controls, and risk management.
• Ambitious projections on production ramp and profitability require equally detailed disclosure of assumptions, operational data, and risk factors to maintain investor confidence over time.

Arrival pitch deck: common questions

What does Arrival do?

Arrival is a UK-based electric vehicle company focused on commercial vans and buses, built using a decentralized network of small, automated Microfactories rather than traditional large automotive plants. The company aims to offer electric vehicles with competitive upfront pricing and lower total cost of ownership compared with fossil-fuel equivalents.

What fundraise or transaction was this Arrival investor presentation used for?

This deck was the November 18, 2020 investor presentation used for the proposed business combination between Arrival S.à r.l. and CIIG Merger Corp, a U.S. special purpose acquisition company (SPAC). It supported CIIG’s shareholder communications and a $400 million PIPE raise by presenting Arrival’s business model, orders, partnerships, and financial projections.

How much capital was Arrival raising with this SPAC transaction, and at what valuation?

As disclosed around the transaction announcement, Arrival was expected to receive about $660 million upon completion of the merger, consisting of $260 million from CIIG’s trust and $400 million from the PIPE investors. The implied valuation for the combined company was approximately $5.4–$5.7 billion at the time of the deal announcement.

What commercial traction and strategic partnerships does the Arrival deck emphasize?

The deck highlights a UPS order valued at approximately $1.2 billion for 10,000 electric delivery vehicles, with an option for an additional 10,000 units, and notes that prototype deliveries would start in 2020. It also cites strategic investment and cooperation agreements with Hyundai and Kia, including a €100 million investment and a business collaboration agreement.

What timeline and production plans did Arrival project in this deck?

The investor presentation states Arrival expected to have four vehicle designs in market by 2023, with production of the first vehicle planned to start in Q4 2021. It also describes two Microfactories under development (Rock Hill, South Carolina, and Bicester, UK) and outlines a roadmap to reach around 100,000 vehicles per year across a network of 10 Microfactories. These were forward-looking projections rather than achieved results at the time of the deck.

Sources

Funding and outcome facts on this page were researched on 2026-08-21 from the pages below.

• CIIG Merger Corp. (Form: 8-K, Received
• INVESTOR PRESENTATION
• Arrival becomes latest electric vehicle startup to test the public...
• Untitled
• UK electric van startup Arrival to get U.S. listing at $5.4 bln valuation
• CIIG Merger Corp. Announces Filing of a Registration Statement on Form F-4 by Arrival Group in Connection with its Proposed Business Combina
• BlackRock-Backed Arrival in Talks to Go Public Via SPAC
• CIIC Stock Is Now Overvalued Before Its Merger With Arrival - Nasdaq

Arrival EV pitch deck slides

What each slide of the Arrival EV pitch deck says

Slide 2

INTRODUCTION 2 Disclaimer "This presentation s provided for nformational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Arrval S, CArrval" or the "Company'), CIIG Merger Corp. (CIIG") and Arrival Group. a subsidiary of Arsenal that will become the holding company of CIIG and Arsenal at the closing of the proposed business combination (Arrval Group") and related transactions (collectively. the "proposed transaction') and for no other purpose. Forward-Looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. includi…

Slide 3

INTRODUCTION Disclaimer (Cont.) Use of projections "This presentation contains projected financial information with respect to the business of Arrval. Such projected financialinformation constitutes forward-looking information. and i for ilustrative purposes only and should not be relied upon as necessarly being indicative of future. results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic. competitive and other risks and uncertainties. See "Forward-looking statements" above. Actual results may differ materiallyfrom the resuits contemplated by the financialforecast nform…

Slide 4

Transaction summary overview Summary of Arrival and CIIG proposed business combination Transaction structure — On November 18th, 2020, Arrival, ClIG and other parties thereto entered into a business combination agreement — The transaction is expected to close in Q1 2021 — Itis anticipated that the post-closing company, Arrival Group, will be listed on Nasdaq. Valuation — Transaction implies a fully diluted pro forma enterprise value of $5.39 billion, representing 0.4x based on 2024E revenue of $14.1 billion — Existing Arrival shareholders are expected to receive 88.1% of the pro forma equity! Capital structure — The transaction will be funded by a combination of CIIG cash held in a trust ac…

Slide 6

Investment highlights Arrival is revolutionizing the electric vehicle industry — Four vehicle designs expected in market by 2023, with start of production for the first vehicle planned for Q4 2021 — $1.2 Billion in orders! — Unit economics enable price competitiveness and lower total cost of ownership to fossil fuel equivalents — Game changing Microfactories enable flexible low capex production — Vertically integrated — Arrival expects industry leading profitability enabled by proprietary hardware, software and robotics platforms — Leadership team with a proven track record from a variety of industries — LinkedIn named Arrival #1 startup to work for in the UK in 2020 — Validated by blue chi…

Slide 7

Arrival partners Commercial and strategic validation of Arrival's new method Partnership Description — Orders worth $1.2 Billion! for 10,000 units plus option for an additional 10,000 — Investment and strategic cooperation — Delivery of prototypes starts in 2020 — Long standing trial partnership since 2016 — UPS and Arrival have created purpose-built vehicles based on UPS requirements - a first for UPS — Leading global logistics operator with 5.2B deliveries p.a. — Automotive fleet size of 120k vehicles — Daily global delivery volume of 21.9 Million — Aiming for 25% of total vehicles purchased annually to be alternate fuel — Investment of €100 Million and business collaboration agreement —…

Slide text above is read directly from the Arrival EV deck PDF embedded on this page.

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