Electric-vehicle startup Arrival Ltd. said it has raised $118 million from funds managed by BlackRock Inc., the latest investor bet on new technology upending the auto sector. The investment values the U.K.-based manufacturer at around €3 billion, equivalent to $3.5 billion, according to a person familiar with the matter. The Wall Street Journal earlier Wednesday reported the investment. BlackRock,...

Source: Wall Street Journal October 14, 2020 06:05 UTC