The Canoo all-electric multi-purpose delivery vehicle is seen in an artist s rendering.
DETROIT Electric vehicle startup Canoo, which is going public through a reverse merger with a special-purpose acquisition company, revealed Thursday its second scheduled vehicle, a delivery van, and laid out plans to add a pickup truck and build microfactories.
Canoo said it will offer two size variants on the delivery vehicle, which will carry a starting price of about $33,000. It will launch the vehicle in limited numbers in late 2022 with wider distribution in 2023. The multipurpose delivery platform is not just about delivering goods, it s about delivering use cases on top of it, Canoo Executive Chairman Tony Aquila said in an interview.
Canoo reveals electric delivery van, plans for pickup, microfactories Ben Klayman ,
By Ben Klayman
DETROIT (Reuters) - Electric vehicle startup Canoo, which is going public through a reverse merger with a blank-check company, on Thursday revealed its second scheduled vehicle, a delivery van, and laid out plans to add a pickup truck and build microfactories.
Canoo said it will offer two size variants on the delivery vehicle, which will carry a starting price of about $33,000. It will launch the vehicle in limited numbers in late 2022 with wider distribution in 2023. The multipurpose delivery platform is not just about delivering goods, it s about delivering use cases on top of it, Canoo Executive Chairman Tony Aquila said in an interview.
Wow, this is the best van design I’ve ever seen; perfectly utilitarian while being futuristic with its boxy shape. People see Elon Musk as a genius i agree to an extent. I think he’s a genius in terms of using guerilla marketing tactics namely feeling pulse of enthusiastic millennial audience then pairing a persona with the brand through a non-stop visibility on classical and social media. But i don’t think he’s genus in terms of vision of or being businessman. if it is the case then he should have started with delivery vans yet he still doesn’t have plan to bring a DV to the market. Instead he started with much more complex passenger sedans that also need extensive charging network or and bigger range. For a Silicon Valley tech startup with limited resources and having no idea what it takes to be a mass production car company it was the wrong choice in my judgment.
“compelling”. Moreover, the analyst believes that Canoo’s subscription-based model of operations would yield
“above-industry margins”, culminating in an impressive growth trajectory.
As stated earlier, shareholders of the SPAC Hennessy Capital are scheduled to approve the proposed merger with Canoo during a special meeting on the 21st of December 2020. If this proposed merger is approved by a plurality of the shareholders, the shares of the combined company will commence trading on the NASDAQ stock exchange under the symbol GOEV. Moreover, the combined company will adopt the name Canoo Inc. upon the closure of the proposed merger agreement.
Canoo’s star attraction is its highly flexible and modular skateboard platform that enables rapid development of electric vehicles – the entire process concludes in 18 to 24 months – at a substantially reduced cost. Crucially, the company’s skateboard platform offers direct integration of battery modules and features the flat