Canoo Unveils Electric Delivery Van a Week Before Going Public

Francesca Billington

Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.

Canoo Unveils Electric Delivery Van a Week Before Going Public

A week before going public, the Los Angeles electric vehicle startup Canoo, valued at $2.4 billion, unveiled the company's second vehicle, a delivery van.

The modular vehicle is the latest entrant in the commercial delivery market, driven by a combination of growing ecommerce and tighter regulations on carbon emissions. Canoo, which has yet to produce a commercial vehicle, expects the vans to be available by 2022, but scaled production is slated for the following year.


There's increasing competition. This summer, California set new rules demanding automakers sell more electric trucks and vans by 2024, jumpstarting a race among legacy car companies like General Motors, Ford and a number of startups to produce vans and trucks for commercial customers like UPS and FedEx.

Canoo's vans come in two sizes and are designed for small businesses and large last-mile delivery companies. Prices start at $33,000. Delivery fleets or major corporations and logistics companies can also custom build their own vehicles since the Canoo relies on "a skateboard platform" like a trailer bed where the engine is held. Interchangeable shells can be created for the body.

Canoo

Photo courtesy of Canoo

Earlier this year, retail giant Amazon debuted its electric van produced by rival Rivian. The Irvine-based company is slated to produce 100,000 delivery trucks over the next decade for Amazon as it seeks to have a carbon neutral footprint by 2040.

Canoo was founded in 2017 by two former BMW executives. They landed a deal with carmaker Hyundai Motor Group in February to manufacture their car. In January, the company opened a waitlist for its futuristic-looking minivan that drivers can book through a subscription service. That vehicle is set to launch by the second quarter of 2022.

Canoo said it's also looking to launch the delivery van across markets like Canada, Mexico and Europe.

Meanwhile, stockholders from Hennessy Capital Acquisition will vote next week to approve the proposed merger. If the deal goes through, Canoo Inc. is slated to be listed on the Nasdaq stock exchange under the ticker symbol "GOEV" between Dec. 21 and 23.

"Since announcing the transaction, Canoo has seen substantial growth in consumer demand and significant interest from potential partners in its proprietary market leading EV platform and underlying technologies," said Daniel Hennessy, CEO of the special acquisition company.

https://twitter.com/frosebillington
francesca@dot.la

Subscribe to our newsletter to catch every headline.

Cadence

NASA’s Newest Robotic Arm is Capable of Functioning in Minus 356 Degrees

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

NASA’s Newest Robotic Arm is Capable of Functioning in Minus 356 Degrees

NASA’s Jet Propulsion Laboratory churns out no shortage of neat science – from the Ingenuity Mars helicopter to the Perseverance Rover and ARTEMIS, but a new project could be their most innovative to date.

Read moreShow less

LA’s Newest E-Scooter Startup Was Founded and Funded By a City Native. Can It Compete with Its Deep-Pocketed Rivals?

Maylin Tu
Maylin Tu is a freelance writer who lives in L.A. She writes about scooters, bikes and micro-mobility. Find her hovering by the cheese at your next local tech mixer.
Yahya Dabbagh
Image by Maylin Tu

Yahya Dabbagh isn’t your typical micromobility startup CEO.

For one, he takes a personal approach to customer service. When he feels a rider is trying to game the system by reporting a scooter broken, in order to earn a free unlock (valued at $1), Dabbagh sometimes will call them up.

Read moreShow less

Robot Bartenders, Space Construction and a Weight Loss App: Highlights From Techstars’ LA Demo Day

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Robot Bartenders, Space Construction and a Weight Loss App: Highlights From Techstars’ LA Demo Day
Andria Moore

On Wednesday, Techstars’ fall 2022 class gathered in Downtown Los Angeles to pitch their products to potential investors in hopes of securing their next big funding round. dot.LA co-sponsored the demo day presentation alongside Venice-based space news website Payload.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending