EV company Canoo unveiled on Thursday its electric “multipurpose” commercial vehicle to be priced starting at approximately $33,000.
The reveal comes five days before a shareholder vote to take the company public via a $600 million reverse merger with special purpose acquisition company (SPAC) Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC).
Canoo’s electric vehicle, which can be used as a delivery van, will be offered in two initial sizes, with others to follow, the company said in a release.
Limited availability will begin in 2022, with scaled production and launch planned for 2023. Customers can preorder the vehicle for a refundable deposit of $100 per vehicle.
Multiple use cases
Based in Los Angeles, Canoo is one of a handful of companies working on electric cargo vehicles, designed for the smaller packages and more frequent delivery routes that have come to define the e-commerce era.
Amazon (NASDAQ: AMZN) showed off its new model, custom built by Rivian, in October. In partnership with UPS (NYSE: UPS), UK startup Arrival also is developing an electrified last-mile delivery van.
Casting a wide net, Canoo targets not only last-mile delivery companies, but other businesses, independent contractors, utilities and service technicians.
With its “multipurpose” offering, it plans to provide customers “best-in-class total cost of ownership, class-leading cargo volume, and functionally-designed features,” the release said.
Canoo’s electric vehicle platform allows for increased cargo volume on a small vehicle footprint. Specific features include high roof height, storage lockers, a roll-up style door and ramp slide outs.
Its roominess enables various workstations, with space for laptops or other devices to the left of the driver’s seat. A bidirectional onboard charger will transform the vehicle into a power source, to be used, potentially, for equipment and tools.
Looking beyond the initial vehicle, large customers, such as last-mile and package delivery fleets, retailers, major corporations and logistics companies, have the option to co-develop a custom vehicle with Canoo, the company said.
In good SPAC company
Canoo is the latest in a string of electric vehicle makers that have taken a SPAC route to public ownership.
It follows battery-electric and fuel cell startup Nikola Corp. (NASDAQ: NKLA) and hybrid electric driveline producer Hyliion Holdings (NYSE: HYLN) among others.
Shareholders will vote on the merger Monday. The company will trade on Nasdaq under the ticker symbol GOEV.
Fred Wilson
Credit Offer
Are you in need of a Business/ Personal Or even an Investment Loan or Company loans, and you have been turn down by your bank of any establishment just because you are either blacklisted, or your Financier condition do not permit you to get a loan? Search no more Mr Ramzan is here to meet all your financial need, It’s fast and reliable to apply do contact us on our Email : [email protected]
BERRY CASTLE
ATTENTION TO ALL, ILLUMINATI HAS BECOME WHAT PEOPLE IN DIFFERENT COUNTRY USE TO MAKE MONEY INSTEAD OF HELPING THE POOR THEY NOW TAKE FROM THE POOR BROTHERS AND SISTERS OUT THERE WHO ARE WILLING TO JOIN THIS ORGANIZATION SHOULD BE AWARE OF WHO THEY CONTACT BEFORE SENDING YOUR INFORMATION TO ANY BODY YOU MUST HAVE TO BE CAREFUL BECAUSE WE ARE GETTING SO MANY CONPLAIN FROM NEW MEMBERS I KNOW HOW I SUFFERED BEFORE JOINING THIS ORGANIZATION DONT GIVE UP AM HERE TO HELP THE POOR,THE TALENTED,THE BUSINESS MEN AND WOMEN,TO REACH THEIR GOALS SO FOR MORE INFORMATION ON HOW TO JOIN CALL Mr BERRY CASTLE this number+1 (779) 324-0633 OR WHATSAPP him ON SAME NUMBER also +1(779) 324-0633 YOU CAN STILL SEND him MESSAGES ON THIS EMAIL [email protected]
Linda Gibson
REAL AND GENUINE ONLINE LOVE SPELL CASTER TO BRING EX LOVER URGENTLY CALL OR WHATSAPP +2348118829899.