Currently reading: German bank reports EV firm Arrival running low on cash
Berenberg bank indicates that British start-up is suffering from the wider sell-off of tech stocks

Arrival will run out of money next year if it doesn’t find an alternative source of credit, German bank Berenberg has said.

The British EV start-up has been hit by the sell-off in tech stocks currently affecting the US market and has seen the value of its shares fall by 90% since it listed via a special purpose acquisition company last May.

Arrival will have between $150 million and $250m (£121m and £201m) of cash left by the end of this year, Berenberg said in an analyst note, citing Arrival’s own figures.

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