Uber & Arrival plan to launch electric vehicles for ridesharing

Published

5 years ago

May 5, 2021

U.K. startup ‘Arrival’ is preparing to build electric buses and delivery vans with Uber

Arrival is parterning with Uber to build the ‘Arrival Car’ – a low-cost electric vehicle for ride-sharing.

Arrival and Uber said in a joint statement the Arrival Car will be an “affordable, purpose-built electric vehicle for ride-hailing,” with production set to begin in 2023.

Uber plans to go electric

Uber plans on offering rides exclusively with electronic vehicles in London by 2025.

The company also plans to sign up 20,000 more drivers in Britain. This comes as the lifting of COVID-19 restrictions boosts demand.

The company has raised more than $188 million to help its drivers in London upgrade to an electric vehicle.

“Our focus is now on encouraging drivers to upgrade to an electric vehicle, and our partnership with Arrival will help us achieve this goal.”
Jamie Heywood, Uber regional manager for northern and eastern Europe

Uber and Arrival say the car will prioritise “driver comfort, safety and convenience, while ensuring the passengers enjoy a premium experience.”

Arrival: the electrical vehicle startup founded by Russian billionaire

Arrival is a UK-based electric vehicle startup founded by Russian billionaire Denis Sverdlov.

Most EV companies like Tesla invest hundreds of millions of dollars to build new factories. However, Arrival plans to subvert this practice by using local factories and existing warehouses.

Arrival will use the money saved in this way to offer low-cost EVs. The company has three factories under development – one in the UK and another two in the US.

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

8 hours ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

11 hours ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

4 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker