British EV startup Arrival gets $300 million in funding
March 13, 2023 at 08:52 am EDT
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(Reuters) - Electric-vehicle startup Arrival said on Monday it had secured a $300 mln equity financing line from Westwood Capital, as the British firm looks to start production of its van in the United States in late-2024.
(Reporting by Akash Sriram in Bengaluru; editing by Uttaresh Venkateshwaran)
Westwood Holdings Group, Inc. manages investment assets and provides services for clients through its subsidiaries, Westwood Management Corp., Westwood Advisors, L.L.C. and Salient Advisors, L.P. The Companyâs segments include Advisory and Trust. The Advisory segment provides investment advisory services to corporate pension and profit-sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals, sub-advisory. It also provides investment management services to the Westwood Funds. The Companyâs advisory business investment capabilities: United States Value Equity, Multi-Asset, Energy and Real Assets, Tactical Absolute Return, and Income Alternatives. The Trust segment provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high-net worth individuals. It provides investment advisory services to institutional investors; a family of mutual funds called the Westwood Funds.