Canoo

Canoo Contracts with Prime Time Shuttle for Up to 550 Electric Vehicles

Retrieved on: 
Thursday, November 16, 2023
EVS, Canoo Lifestyle Vehicle, Partnership, Environment, Transport, Airline, Ridesharing, Canoo

JUSTIN, Texas, Nov. 16, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today announced a contract with Los Angeles-based Prime Time Shuttle for the purchase of up to 550 electric vehicles.

Key Points: 
  • Luxury and airport transportation service will purchase vehicles over multiple years, enhance sustainable fleet
    JUSTIN, Texas, Nov. 16, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today announced a contract with Los Angeles-based Prime Time Shuttle for the purchase of up to 550 electric vehicles.
  • Prime Time Shuttle will purchase the Lifestyle Vehicle (LV) Premium model vehicles over multiple years, adding to its fleet of luxury vehicles and airport transportation shuttles that service the Los Angeles metropolitan area.
  • Prime Time Shuttle operates in 34 states and has had more than 50 million customers and riders since starting in 1984.
  • The company will use Canoo vehicles as shuttles in the Los Angeles area, with long term plans of integrating EVs to Prime Time markets outside of California.

Canoo Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023
Webcast, Ratio, ID, Depreciation, EPS, Conference, GAAP, Adjustment, Cryptocurrency, Canoo

JUSTIN, Texas, Nov. 14, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a high-tech mobility company, today announced its financial results for the third quarter of 2023.

Key Points: 
  • JUSTIN, Texas, Nov. 14, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a high-tech mobility company, today announced its financial results for the third quarter of 2023.
  • We have worked nearly three years to get to this point," said Tony Aquila, Investor, Executive Chairman and CEO of Canoo.
  • Third Quarter & Recent Business Updates:
    Began assembling workforce at Oklahoma facilities, expecting 20-25% of company to be Oklahoma-based by end of Q4 2023
    As of September 30, 2023, we had cash and cash equivalents of $8.3 million.
  • Canoo will host a conference call to discuss the results today, November 14, 2023, at 5:00 PM ET.

Canoo Delivering First Made in Oklahoma Electric Vehicles to State Government

Retrieved on: 
Monday, November 13, 2023
LDV, Safety, Government, Improper integral, Management, Rail transport, Canoo

OKLAHOMA CITY, Nov. 13, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today announced delivering its first Made in Oklahoma electric vehicles to the state of Oklahoma.  

Key Points: 
  • OKLAHOMA CITY, Nov. 13, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today announced delivering its first Made in Oklahoma electric vehicles to the state of Oklahoma.
  • Canoo is hiring for its Oklahoma City and Pryor facilities in the state and expects to create more than 1,300 jobs.
  • "It's an honor to partner with the state of Oklahoma and its workforce to create a legacy for electric vehicles in America's Heartland," said Tony Aquila, Chairman and CEO of Canoo.
  • All Canoo vehicles are designed for performance and functionality, with comfort, safety, and security that is configurable in unique ways.

Canoo Unveils the American Bulldog

Retrieved on: 
Friday, November 10, 2023
Bulldog, Eagle, Engineering, American Bulldog, Work, Canoo

JUSTIN, Texas, Nov. 10, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today introduced the American Bulldog.

Key Points: 
  • JUSTIN, Texas, Nov. 10, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today introduced the American Bulldog.
  • The American Bulldog builds upon Canoo's rapid product development and real-world testing.
  • It's woven into the American spirit and reflects this country's innovation," said Tony Aquila, Executive Chairman and CEO of Canoo.
  • The American Bulldog builds upon Canoo's rapid product development and real-world testing.

Canoo has entered into a $45 million Convertible Preferred Stock purchase agreement by a foreign strategic institutional investor with the potential for upsizing to $150 million

Retrieved on: 
Monday, October 2, 2023
Sale, Preferred stock, Security (finance), Bangladesh Securities and Exchange Commission, Investment, Canoo

Canoo and the investor agreed to work together in good faith to negotiate one or more additional investments for up to $150 million.

Key Points: 
  • Canoo and the investor agreed to work together in good faith to negotiate one or more additional investments for up to $150 million.
  • Under the purchase agreement, the investor agreed to purchase, $45 million of Series B Cumulative Perpetual Reedemable Preferred Stock ("Preferred Stock").
  • The Preferred Stock ranks senior to the common stock.
  • In connection with the purchase agreement, the company issued to the investor warrants to purchase 22.96 million shares of common stock.

PAWNEE NATION AND CANOO PARTNER FOR CLEAN TECHNOLOGY JOBS AND GROWTH

Retrieved on: 
Thursday, September 21, 2023
Workforce, Partnership, Pawnee National Grassland, University, Education, Employment, Natural Resources, Organization, Student, Trust, Aquila, Climate change, Economic development, STEM, Geothermal energy, Knowledge, Pawnee people, Renewable energy, Canoo

PAWNEE, Okla., Sept. 21, 2023 /PRNewswire/ -- Canoo Technologies (NASDAQ: GOEV) announced today that it has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma's growing clean energy industry. 

Key Points: 
  • "Under this agreement, the Pawnee Nation and Canoo will work together to train workers and develop suppliers for Oklahoma's growing clean energy industry."
  • "We are excited to partner with Canoo and to continue to expand our business and economic development ventures," said Pawnee Nation President Misty M. Nuttle.
  • Canoo said it believes this agreement is the first-of-its-kind with the Pawnee Nation and any business involved in clean tech or clean energy, such as manufacturing electric vehicles.
  • We see that Canoo is doing some amazing things in the clean energy sector, and we're excited to partner with them in this wonderful opportunity".

Canoo selects Google Cloud technologies to maximize its data

Retrieved on: 
Tuesday, August 29, 2023
Cloud, Data management, Communication, Ministry of Strategic Industries of Ukraine, Partnership, Google Cloud Platform, Moscone Center, AI, Conference, Sales, Mobile phone, Satellite navigation device, Network equipment provider, Onix, Canoo, Google Cloud

JUSTIN, Texas and SUNNYVALE, Calif., Aug. 29, 2023 /PRNewswire/ -- Canoo (NASDAQ: GOEV), a leading high-tech advanced mobility company, today announced that it has selected Google Cloud as its primary cloud service provider. Canoo will deploy a range of Google Cloud's AI, data management, and security technologies to maximize the value of the data coming from its electric vehicles as the company prepares to start mass manufacturing. Canoo has also selected Onix as an implementation partner to help optimize Canoo's manufacturing processes, enhance existing features, and empower development of new capabilities for its proprietary platform.

Key Points: 
  • Canoo will deploy a range of Google Cloud's AI, data management, and security technologies to maximize the value of the data coming from its electric vehicles as the company prepares to start mass manufacturing.
  • "Onix is thrilled to partner with Canoo and Google Cloud to accelerate our aligned mission of delivering sustainable, secure, and innovative solutions.
  • This is a strategic partnership and Onix will support Canoo on this journey by leveraging our Data & AI, and Google Cloud capabilities.
  • Canoo and Google Cloud plan to further discuss their partnership at Google Cloud Next , held at the Moscone Center in San Francisco, Calif., from Aug. 29-31, 2023.

CIBC partners with Institute of Canadian Citizenship to help newcomers explore Canada

Retrieved on: 
Wednesday, August 23, 2023
Foreign, Partnership, Senior, Life, Culture, ICC, Newcomer, CIBC, TELUS, Bank, Cryptocurrency, Online shopping, Canoo

To help newcomers learn about their new country and navigate settling in, CIBC announced today a partnership with the Institute of Canadian Citizenship (ICC), a national charity that supports newcomers on their journey towards full and active citizenship.

Key Points: 
  • To help newcomers learn about their new country and navigate settling in, CIBC announced today a partnership with the Institute of Canadian Citizenship (ICC), a national charity that supports newcomers on their journey towards full and active citizenship.
  • ICC's digital app, Canoo, provides more than 200,000 newcomers with free access to over 1,400 of Canada's best cultural experiences and nature attractions, enabling them to explore Canada.
  • "CIBC shares our vision of supporting newcomers – Canada's future – and their ability to one day support Canada.
  • We're honoured to have found such a sincere partner who shares our belief that Canada succeeds when newcomers succeed."

CANOO INC. ANNOUNCES SECOND QUARTER 2023 RESULTS

Retrieved on: 
Monday, August 14, 2023
LDV, MPP1, GAAP, Ratio, ID, Sale, NASA, United States Department of Defense, Webcast, Depreciation, EPS, Robotics, Adjustment, Conference, Oil, Cryptocurrency, Canoo

Achieved installed manufacturing capacity at Oklahoma City and Pryor, Oklahoma locations

Key Points: 
  • Achieved installed manufacturing capacity at Oklahoma City and Pryor, Oklahoma locations
    JUSTIN, Texas, Aug. 14, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the second quarter of 2023.
  • Second Quarter & Recent Business Updates:
    Will be employing a combination of in-house, hybrid and outsourced strategy in manufacturing to support our 20,000 unit per year run rate
    As of June 30, 2023, we had cash and cash equivalents of $5.0 million.
  • Canoo will host a conference call to discuss the results today, August 14, 2023, at 5:00 PM ET.
  • A telephone replay will be available until August 28, 2023, at (877) 660-6853 (U.S.) and (201) 612-7415 (international callers/U.S.

CANOO ANNOUNCES INTRODUCTION OF ITS LIFESTYLE DELIVERY VEHICLE 190

Retrieved on: 
Monday, August 14, 2023
EV, LDV, MPP, LED, Delivery, Driver, Safety, Rail transport, Canoo

JUSTIN, Texas, Aug. 14, 2023 /PRNewswire/ -- Canoo Technologies (NASDAQ: GOEV), an advanced mobility company, announced today that it is launching its new Lifestyle Delivery Vehicle (LDV) 190, which expands the company's line-up into the Class 2 electric cargo van segment.

Key Points: 
  • JUSTIN, Texas, Aug. 14, 2023 /PRNewswire/ -- Canoo Technologies (NASDAQ: GOEV), an advanced mobility company, announced today that it is launching its new Lifestyle Delivery Vehicle (LDV) 190, which expands the company's line-up into the Class 2 electric cargo van segment.
  • "This newest vehicle offers even greater space and flexibility for fleet owners with the same unique technologically advanced performance of our original LDV 130," says Tony Aquila, Chairman and CEO, Canoo.
  • The LDV 190 and its increased size and capability fits between the already successful LDV 130 and the forthcoming larger Canoo MPDV.
  • It is building a vehicle assembly plant in Oklahoma City and a battery plant in Pryor, OK.