CIIC - Electric vehicle startup Arrival sets board before SPAC debut

Electric vehicle startup Arrival (ARVL) says it has now announced all of its nominees for global board of directors, including the final two members - Tawni Nazario-Cranz (VC at SignalFire) and Rex Tibbens (Frontdoor CEO)."With these additions, the board is expected to consist of seven members who bring a wealth of experience from some of the world’s most innovative technology-enabled businesses. Together, they will play an important role in supporting Arrival through this initial phase of execution, as the company expands its global reach over the coming years." Arrival is merging with CIIG Merger Corp. (CIIC) in a SPAC deal that is expected to close this quarter. Arrival aims to produce best-in-class commercial electric vehicles using a new method of design and production. Arrival's business model: "Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced

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Electric vehicle startup Arrival sets board before SPAC debut