Arrive AI Goes Public on the on Nasdaq Stock Exchange

Arrive AI, an autonomous delivery network anchored by patented AI-powered Arrive Points, announced that it has received approval to list its shares on the Nasdaq under the symbol (NASDAQ: ARAI).

“Arrive AI’s Nasdaq listing marks the culmination of a significant journey,” said Arrive AI founder and CEO Dan O’Toole. “Building upon our initial patent filing in 2014, we've relentlessly refined our technology and unique positioning in last-mile logistics. Today signifies a new dawn of secure, autonomous package delivery. We owe this milestone to our nearly 5,000 investors who believed in us since the start.”

According to the vendor, Arrive AI makes autonomous delivery work, ensuring security and chain-of-custody to the intended recipients at the right time. The company provides tracking data, smart logistics alerts and advanced custody controls to secure last-mile delivery for shippers, delivery services, and autonomous networks.

Arrive AI’s foundational patent—for a universal access point that asynchronously interacts with people, robots, and drones—was filed four days before Amazon’s. Since then, the company has expanded its IP portfolio to include numerous claims and patents such as climate assistance and anti-theft features, the company said.

“With Arrive AI, you get a network and a platform. Our value proposition lies in building the essential and patent-protected infrastructure—a universal network of intelligent endpoints—that underpins our entire autonomous delivery ecosystem,” O’Toole continued.

Prior to its direct public listing, Arrive AI raised nearly $12 million, largely via crowdfunding and secured $40 million in funding from an institutional investor.

Arrive AI chief financial officer Todd Pepmeier said the direct listing “will enable the company to raise capital through public means and fuel our growing revenue streams.”

Maxim Group LLC acted as the exclusive financial advisor to Arrive AI in connection with the direct listing.

The Company also launched a new Investor Relations section on its website: http://arriveai.com/investor-relations. 

For more information about this news, visit http://arriveai.com.