California-based electric car start-up Canoo is looking to raise around 52.5 million dollars through share sales at a steeply discounted rate. Agreements with several investors have already been reached, but the deals have yet to be completed.
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Californian EV startup Canoo has signed an exclusive agreement with GCC Olayan (General Contracting Company) as the exclusive distributor of its electric vehicles in Saudi Arabia.
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Canoo has delivered its new Light Tactical Vehicle (LTV) to the United States Army for Analysis & Demonstration in fulfilment of a contract awarded in July 2022. The LTV is engineered for extreme environments and can be converted from a pickup to a flatbed truck, a cargo vehicle and more.
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The eMobility start-up Canoo has announced that it will buy a vehicle production facility in Oklahoma City. Canoo plans to produce its Lifestyle Vehicle (LV) and its cargo variant Lifestyle Delivery Vehicle (LDV) at the plant, which are to be delivered to customers from 2023.
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Canoo announced plans for a battery module manufacturing facility in the US state of Oklahoma. The plant will be fully operational, producing modules from Panasonic battery cells with a total annual capacity of 3.2 GWh. Construction is scheduled to begin before the end of the year.
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Canoo has received a binding order for 9,300 electric vans from US vehicle rental company Kingbee. The agreement includes the option to double the order to 18,600 electric vehicles, and is the third deal Canoo has announced in around three months.
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Californian startup Canoo has received another large order for its electric vehicles. Fleet leasing provider Zeeba has signed an agreement to buy 5,450 Canoo electric vehicles, with an initial binding commitment of 3,000 units by 2024.
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The EV start-up Canoo and its main client Walmart launched real-world deliveries in a 7-days-a-week program in the Dallas Fort Worth metroplex (DFW). Canoo will finalise configuring the all-electric vans according to Walmart’s requirements following their significant order.
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The US electric car subscription service Autonomy has ordered 22,790 electric cars worth around 1.2 billion dollars. The provider, which until now has specialised mainly in Tesla models, has ordered a total of 45 different vehicle models from 17 carmakers – including Tesla again.
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According to a media report, Canoo could produce the electric Mini Urbanaut concept in series in the USA from 2025. Mini is looking for a technical basis and a production site. If found, the series Urbanaut could complement the Mini range as an electric van. But question marks remain.
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The Californian electric car start-up Canoo has announced a large order from Walmart. The US retail giant has signed a binding agreement with Canoo to buy 4,500 all-electric delivery vehicles, starting with the Lifestyle Delivery Vehicle (LDV), a cargo variant of the Canoo Lifestyle Vehicle.
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The Californian electric car start-up Canoo is in financial difficulties that threaten its existence. The company has reported a loss of around US$125 million (€118.4 million) for the first quarter of 2022 and warns in its quarterly report “that there is significant doubt about the company’s ability to continue as a going concern”.
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A small but prestigious contract has been awarded to the Californian electric car start-up Canoo: Canoo has been contracted by NASA to build vehicles to take astronauts to the launch pad for upcoming missions to the moon and Mars.
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US-based eMobility startup Canoo and Dutch company VDL have terminated their talks about the planned contract manufacturing of Canoo’s debut electric Lifestyle Vehicle in the Netherlands. Canoo has now officially confirmed this.
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Rumours about a European plant of the US electric vehicle manufacturer Rivian have been circulating for some time. While a production plant near Bristol in England was previously considered the favourite, the Dutch Ministry of Economic Affairs has now confirmed that talks are being held with Rivian about a very specific location in the country.
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Canoo is moving up the planned US production start in Oklahoma. Instead of 2023, production is to begin before the fourth quarter of 2022. In Europe, Canoo plans to have its debut model built at the Dutch production plant VDL NedCar as early as 2022.
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Panasonic has presented a prototype of its 4680 cell for Tesla. Test production of the cells is scheduled to begin in Japan in March 2022. It is not yet clear when series production will begin. To date, Panasonic is the only known supplier commissioned by Tesla to build the 4680 cells.
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The Californian electric car start-up Canoo has appointed Josette Sheeran as President of the company. The former diplomat already serves on Canoo’s Board of Directors.
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The Californian-based eMobility startup Canoo has unveiled plans for the production of its vehicles. The Dutch vehicle-maker VDL will be Canoo’s manufacturing partner from next year. Canoo also has plans to produce in the USA.
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The Californian eMobility start-up Canoo has priced its first model. Depending on the variant, the model called Lifestyle Vehicle costs between 34,750 and 49,950 dollars. The model name is not the only change from the concept.
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With Ulrich Kranz, the next co-founder is leaving the Californian eMobility start-up Canoo. Kranz is stepping down as CEO with effect from 30 April. The position of CEO will then also be taken over by Executive Chairman Tony Aquila. There is also news about the future direction of the start-up.
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Canoo’s deal with Hyundai-Kia announced last year appears to have fallen flat. New Canoo chairman Tony Aquila broke the news last Monday during an “icy investor call,” as The Verge reports. The collapse is set against a backdrop of a strategy change at Canoo.
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The Californian start-up Canoo has unveiled an electric pickup truck that will be available for pre-order from the second quarter of 2021 and delivered from 2023. It will be available with either one or two electric motors and offer more than 200 miles (320 km) of range.
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Californian startup Canoo has just held a preview of an all-electric multi-purpose delivery (MPDV) vehicle based on the company’s platform, which should cost around 33,000 US dollars (net, around 27,000 euros). The van can already be pre-ordered for a refundable deposit of 100 US dollars.
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California’s e-mobility startup Canoo provides more technical details about its proprietary skateboard platform for electric vehicles and publishes a video clip. The architecture is designed to accommodate various EV types with Canoo now envisioning applications in logistics too.
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The Californian eMobility start-up Canoo (formerly Evelozcity) has now officially announced its IPO. The company has entered into a definitive agreement with the investment firm Hennessy Capital Acquisition to merge for the purpose of an IPO.
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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.
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Kia is examining plans to build a purely electric miniature car in the style of the Citroën Ami. Although the South Korean company has not revealed a timetable for these plans, it seems that Kia is already considering a new distribution model for the electric microcar.
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The US American electric vehicle startup and the South Korean automotive giant have teamed up in an engineering partnership to develop electric vehicles. Canoo and Hyundai will co-develop an electric vehicle platform based on Canoo’s skateboard technology to be used for upcoming Hyundai and Kia EVs and PBVs (Purpose Built Vehicles).
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Canoo, (formerly Evoloczity), has announced the opening of the waitlist for their subscription-only, 7-seater, electric vehicle. Being put on the waitlist is open to everybody and free to join, though the initial market appears focussed on the L.A. area.
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