Kensington Capital Acquisition Corp V (NYSE:KCGI)

$ 11.09 0 (0%) Market Cap: 126.90 Mil Enterprise Value: 126.88 Mil PE Ratio: 18.48 PB Ratio: 3.55 GF Score: 22/100

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Arrival SA And Kensington Capital Acquisition Corp V To Discuss Special Purpose Acquisition Call Transcript

Apr 06, 2023 / 09:00PM GMT

Release Date Price: $10.44 (+0.19%)

Transcript 10-K

Justin Mirro

Kensington Capital Acquisition Corp. V - Chairman & CEO

Thanks for your time today to discuss the business combination of Kensington and Arrival, which has developed a revolutionary electric vehicle serving a last-mile delivery market. Arrival is at the forefront of the single greatest megatrend in transportation, electric mobility. The company is doing this by developing an innovative Class 4 delivery van that meets the needs of today's drivers, fleet operators and delivery customers.

While there are many companies making electric vehicles today, this is a next-generation delivery van that incorporates over 200 patents and $1 billion of capital. What gets us most excited about Arrival is that it has developed a completely new vehicle from the ground up that uses advanced materials and manufacturing technologies to increase functionality while reducing costs.

The Kensington team has reviewed the results of Arrival, and we are impressed. We also know through our success with leading EV suppliers such as QuantumScape, Amprius, and Wallbox, that making the future cleaner

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