The state of the former Deputy Minister of Communication of Russia Denis Sverdlova, according to Forbes, it became equal to 9.8 billion dollars. It happened after placing the securities exchange of his company Arrival. The company is engaged in the production of electrical transport.
Now Sverdlov can get into the top 20 richest Russians in the Forbes rating. Arrival Placed Shares on the NASDAQ Stock Exchange on March 25 after a merger with American Ciig Merger Corp. The company’s cost estimated at $ 13.6 billion. Edition Financial Times called this placement the largest in the history of British startups.
Sverdlov founded the company in 2015. Arrival plans to build 31 plants for the production of electric transport by 2024. “There are about 560 cities in the world with a population of more than a million people, each of these cities could have a microfabric producing 10 thousand electric vehicles specially adapted for the needs of this market,” the Sverdlov said earlier.
In January 2020, the American postal service of United Parcel Service (UPS) ordered 10 thousand electric cars from Arrival. According to Guardian estimates, in 2020-2024, Arrival will sell electric vehicles for 400 million euros.