Hyundai and Kia Invest $110m in UK Electric Van Startup

Hyundai Motor and Kia Motors are investing 100 million euros in startup Arrival.

Founded in 2015 and based in London, Arrival has developed a futuristic van aimed at the commercial delivery market. The company said its van would have a battery with a range of just under 500 kilometers.

Arrival said it would work with Hyundai and Kia to develop a variety of electric vehicles, initially for the commercial market. The startup said its cars will be equipped with advanced driver assistance features and could be upgraded with autonomous steering systems.

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