AUTO

Canoo Gets Another Huge, 3,000 Unit Order

October 11, 2022

It’s a good week for fans (read: investors) of EV startup Canoo. They just got another massive order for their electric vans!

Fleet lease firm Zeeba has signed an Agreement to purchase 5,450 of Canoo’s American-made electric vans with an initial binding commitment to purchase 3,000 of the EVs through 2024.

“We have a large committed, growing order book, are finalizing our multi-year allocations for 2023 customer deliveries and will share our manufacturing plan with the broader market shortly,” said Tony Aquila, Chairman & CEO at Canoo. “This order is another milestone validating our product and strategy. Small & medium sized business (SMB) are the backbone of our communities, employing about half of all working Americans1 and they are Zeeba’s target customers. We put technology first and combined class leading ergonomics, a small vehicle footprint-to-cargo ratio and platform versatility while achieving a lower carbon footprint and higher return on investment for the operator, all of which will help SMBs compete.”

Zeeba Keeps Good Company

Walmart to Purchase 4,500 Canoo Electric Delivery Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business

Zeeba is the latest highly-visible company to take Canoo up on its offer of a full-size electric van. So far this year, no less than Walmart, the US Army, and NASA have put in orders with the startup EV brand, with Walmart actually investing in the company to the tune of 61,160,011 shares of fully paid and non-assessable shares of Canoo common stock at a share price of $2.15. (!)

For their part, the Canoo team seems eager to start delivering product — and its customers seem excited to be getting them! “We are thrilled to be able to deliver Canoo vehicles to our customers in the near future,” said Kayvon Marashi, Chief Executive Officer for Zeeba Automotive Group, Inc. “We are focused on offering the most advanced fleet solutions and have recognized Canoo’s vehicles as leaders in technology driven sustainable mobility. We also wanted to secure EV vehicle supply for years to come.”