Hyundai and Kia led the investment round to support the joint development of commercial electric vehicles.
"Arrival has created a game changing product category – Generation 2 Electric Vehicles. Hyundai and KIA make world-class vehicles with uncompromising quality. This strategic partnership will empower our companies to scale Generation 2 Electric Vehicles globally"
Orthopaedic Research UK provided the pre-seed funding through the newly launched Ronald Furlong Fund.
"We are the first charity supporting start-ups with a focus on musculoskeletal health in the UK. The Ronald Furlong Fund initiative will play an important role in assisting entrepreneurs and innovators to quickly turn ideas into reality, with measurable benefits for the entire healthcare ecosystem. Effective collaboration with HS. was instrumental in identifying Renovos and their exciting technology, and I am delighted to welcome them as ORUK’s first investment."
The funding will support product development and international sales as the Belfast communications firm targets one million users.
"We are seeing organisations all over the world waking up to the strong business benefits of good employee comms. With the vast majority of people now carrying a smartphone, it makes an app the perfect way to connect with employees. We’ve designed the Thrive platform to be so easy to use that organisations can be up and running and improving the way they communicate and share information with employees in no time."
"Nuggets technology empowers consumers to take back control of their data and reduces 'friction' in online shopping baskets for retailers. Super excited to see what they'll achieve over the next few years."