💰 Arrival, a struggling electric van startup, secured a $300 million equity financing line via Westwood Capital as it looks to stabilize and launch production at its North Carolina factory next year.
- The big picture: The company is among several EV startups to hit severe headwinds after going public during the SPAC frenzy.
🚐 "Rivian and Amazon are in discussions to adjust the exclusivity clause of their agreement for the EV maker’s electric delivery trucks, a company spokeswoman said Monday," CNBC reports, confirming a WSJ story.