Canoo founder Krause leaves the company
Stefan Krause, founder and first CEO of the Californian e-mobility start-up Canoo (formerly Evelozcity), has left the company. Krause had already retired from the board last year.
The market launch of Canoo’s first model expected for 2021, must, therefore, take place without the former BMW and Deutsche Bank board members. “Stefan has decided to formally leave his official duties with Canoo to pursue other opportunities,” the company told The Verge in a statement.
Krause himself declined to comment. The company thanked him “for the invaluable role he played in shaping our young company”.
Krause had already retired from the board of directors in August 2019 to manage the financing of Canoo from the supervisory board. Just a few weeks before Krause, former Opel boss Karl-Thomas Neumann had also resigned from the Board of Management in July 2019 at the Californian e-mobility start-up. Since then, co-founder Ulrich Kranz has been managing the day-to-day operations at Canoo.
As The Verge continues, the departure of Krause is said to have been announced to the employees by email. In it, Kranz is said to have written that the financing efforts are “going in the right direction”. The tasks are now to be taken over by the head of finance Paul Balciunas.
Canoo had presented his first model, which will be available only on subscription, in September 2019. This January, they opened a waiting list for those interested to subscribe in the Los Angeles area. In addition to its model, the skateboard platform developed for this purpose is also to be sold to other companies who can build their models on it. In February it was announced that the Hyundai Motor Group would develop an electric platform based on the Canoo skateboard architecture for electric vehicles. Cano claims they can provide a battery-electric range of up to 480 km. All of the cars will move away from the traditional three-box car design with separate compartments for engine, passengers and luggage and with autonomous functions in mind.
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