• Friday, April 26, 2024

Business

Uber teams up with Arrival

. (Photo by Carl Court/Getty Images)

By: RadhakrishnaNS

UBER has teamed up with UK technology startup Arrival to create an electric car for the app-based US ride-hailing firm that will help to cut emissions, the pair said Tuesday (4).

The vehicle is expected to enter production in the third quarter of 2023 and the two companies will “explore a strategic relationship in key markets, including the UK and EU”, according to a statement.

It comes after six-year-old Arrival, which is creating also electric vans and buses, listed on Wall Street’s Nasdaq in March.

“Arrival, the global technology company creating electric vehicles using its game-changing technologies, is partnering with Uber to develop an affordable, purpose-built electric vehicle for ride-hailing drivers,” the statement said.

The Arrival car “will address the global need to shift ride-hailing and car sharing services… to electric to reduce emissions and improve air quality in cities”, it added.

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