Zeeba Co News Today

The company, which has been burning through cash, said the funds will be used for "general working capital purposes."

Publicly traded electric vehicle maker Canoo Inc. signs an exclusive agreement with GCC Olayan for the sale, service and distribution of Canoo fleet vehicles in Saudi Arabia.

The Light Tactical Vehicle, or LTV, is a pickup-style vehicle engineered for extreme environments and comes with "stealth configurations."

"The last two quarters have been very tight,” CEO Tony Aquila said.

Kingbee Vehicles, a Utah-based van rental group, is the latest company to strike a deal with the EV startup.

Zeeba Co. Inc. of Los Angeles plans to lease the vehicles for last-mile delivery, ride hailing and more.