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$goev moving up nicely. Come the volume and we may see an epic squeeze here
Canoo & University of Wisconsin-Madison partner on next-generation electric vehicle technologies
May 17 2021 - 07:51PM
PR Newswire (US)
DALLAS, May 17, 2021 /PRNewswire/ -- Canoo Inc.?(Nasdaq: GOEV), a company developing breakthrough electric vehicles, is partnering with the University of Wisconsin-Madison to accelerate advances in electric vehicle technologies while lowering the overall cost of owning an electric vehicle.
Photo Credit: University of Wisconsin-Madison
In May 2021, the two organizations signed a memorandum of understanding through which they will collaborate toward the development of a Canoo research center at UW-Madison. The center will advance research in electric propulsion technologies with a goal of increasing electric vehicle utility while reducing burdens on finite natural resources. The partnership intends to create a leading pipeline for propulsion technology as well as on and off-grid operations.
Canoo is known for its innovative, future-forward functional designs, with a lifestyle vehicle, a delivery van and a pickup truck. Canoo is driven by the mission to bring electric vehicles to everyone, and built for adventurers, families, tradespeople and small business owners. The company focuses on building productivity solutions that spans owners across the full vehicle lifecycle. With a revolutionary modular electric multipurpose platform, Canoo delivers maximum space utility, and performance on a small footprint. Its flexible vehicles meet a wide range of use cases for consumers and businesses and build in customization for every owner—whether the first, fourth or beyond.
UW-Madison's College of Engineering is leading the effort on behalf of the university. In addition to a research partnership, Canoo will develop a talent pipeline through internships and other opportunities for undergraduate and graduate students that will focus on real-world research and technology development.
"We are launching a multi-university research and development program designed to further critical research and catalyze innovation to support the manufacture of electric vehicles. This program will enhance U.S. competitiveness and benefit the entire industry while simultaneously advancing our IP," says Canoo Chairman and CEO Tony Aquila. "We are committed to our first research center with UW-Madison to drive groundbreaking advances in electric vehicles—advances that enable us to execute on our mission to bring EVs to everyone."
UW-Madison Chancellor Rebecca Blank says the partnership underscores the benefits of tapping talent at a world-class research university. "I'm delighted to welcome this partnership with Canoo. In recent years, a number of industry partners have opened research centers on campus and nearby in Madison," she says. "This new model allows for greater engagement with students, stronger connections to leading faculty and cutting-edge research, and access to state-of-the-art university equipment and resources."
University of Wisconsin System President Tommy G. Thompson says it is an example of the Wisconsin Idea. "The UW System is the state's largest economic engine and the agreement marks another great opportunity to use UW-Madison's world-class research to drive innovation that changes lives for the better," he says. "I am pleased to have facilitated this partnership with Canoo."
About Canoo
Canoo has developed breakthrough electric vehicles, that are reinventing the automotive landscape with bold innovations in design and pioneering technologies. Distinguished by its technical depth from its experienced team—totaling more than 400 employees from leading technology and automotive companies —Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com.
About the University of Wisconsin-Madison
Founded in 1848, the University of Wisconsin–Madison is one of America's great universities. A public, land-grant institution with more than 45,000 students, UW–Madison offers a complete spectrum of liberal arts, research, professional programs and student activities. Spanning 936 acres along the southern shore of Lake Mendota, the campus is located in the city of Madison.
Canoo Lifestyle Vehicle (PRNewsfoto/Canoo)
Canoo Pickup Truck (PRNewsfoto/Canoo)
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SOURCE Canoo
Copyright 2021 PR Newswire
Good to see you still around mick... $goev is prime
i like da wts 'Canoo Inc (GOEV)'
i like da wts 'Canoo Inc (GOEV)'
Canoo Inc (GOEV)
7.92 ? 0.37 (4.90%)
Volume: 2,332,098 @05/26/21 7:52:55 PM EDT
Bid Ask Day's Range
7.85 7.92 7.52 - 8.1
GOEV Detailed Quote
Float is 50% short on this one...jan 2022 call options in the back pocket in case good news comes this way and $goev gets a squeeze, perhaps not to the likes of $gme but perhaps $amc
Canoo Inc. Announces First Quarter 2021 Results
4:02 pm ET May 17, 2021 (PR Newswire) Print
Canoo Inc. (Nasdaq: GOEV) ("Canoo"), a company developing breakthrough electric vehicles ("EV") with a proprietary and highly versatile EV platform for consumer and commercial use, today announced its financial results for the first quarter results for 2021.
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"I am pleased with the rapid transition we have made to execute on the enhanced business strategy we announced last quarter. We priced our vehicles in line with our mission to bring EVs to everyone and opened most of our line-up for preorders - the Lifestyle Vehicle and its variants, our Multi-Purpose Delivery Vehicle and our Pickup Truck. We are on track to start production in 2022 and ramp to 15,000 units in 2023." said Tony Aquila, Chairman & CEO, Canoo Inc. "We are in the gamma phase - which is critical to deliver the highest safety standards, reduce the chance of costly recalls and increase customer satisfaction - all of which will enhance our long-term return on capital. Lastly, in order to expand our technological lead, we entered into our first research partnership with UW-Madison to catalyze our groundbreaking advances in electric vehicles - and accelerate our innovation and IP development."
First Quarter Business Highlights:
-- Announced Pickup Truck.
-- Continued to build executive bench with key hires in the areas of Go to Market, Fleet Sales and Software Development.
-- Grew FTE & contract headcount by approximately 28% compared to year-end 2020 to 544 employees and contractors. Given our focus on innovation, R&D employees which are almost entirely comprised of engineers, make up 80% of our workforce.
Recent Updates:
-- Canoo Board of Directors appointed Tony Aquila, Chairman & CEO to lead the next phase of company's growth.
-- Announced targeted pricing starting from $34,750 - $49,950i for the Lifestyle Vehicle Base, Premium and Delivery models, before incentives, or optional equipment.
-- Opened pre-orders for Lifestyle Vehicle and Pickup Truck.
-- Expanded employee hubs to three facilities in strategic locations: California, Texas and Michigan.
-- Announced advanced electric power research collaboration with University of Wisconsin.
First Quarter Financial Highlights:
-- Cash and cash equivalents of $641.9 million as of March 31, 2021.
-- GAAP Net loss and comprehensive loss of $15.2 million for the three months ended March 31, 2021 compared to a GAAP Net loss and comprehensive loss of $30.9 million for the three months ended March 31, 2020. The GAAP Net loss and comprehensive loss for the three months ended March 31, 2021 included a $(83.6) million gain on fair value change of earnout right liability.
-- Adjusted EBITDA of $(49.8) million for the three months ended March 31, 2021 compared to $(23.0) million for the three months ended March 31, 2020.
-- Net cash used in operating activities totaled $53.9 million for the period ended March 31, 2021 compared to $23.7 million for the period ended March 31, 2020.
-- Capital expenditures were $12.1 million during the three months ended March 31, 2021 compared to $0.7 million during the three months ended March 31, 2020.
Second Quarter 2021 Business Outlook
Based upon our current projections Canoo expects:
-- Operating Expenses (excluding stock-based compensation and depreciation): $65M - $75M
-- Capital Expenditures: $45M - $55M
Conference Call Information
Canoo will host a conference call to discuss the results today, May 17, 2021, at 4:30 PM ET.
To listen to the conference call via telephone dial (877) 407-9169 (U.S.) and (201) 493-6755 (international callers/U.S. toll) and enter the conference ID number 13719233. To listen to the webcast, please click here. A telephone replay will be available until May 31, 2021 at (877) 660-6853 (U.S.) and (201) 612-7415 (international callers/U.S. toll), with Conference ID number 13719233. To listen to the webcast replay, please click here.
Non-GAAP Financial Measures
EBITDA and Adjusted EBITDA
"EBITDA" is defined as net loss before interest expense, income tax expense or benefit, and depreciation and amortization. "Adjusted EBITDA" is defined as EBITDA adjusted for stock-based compensation, restructuring charges, asset impairments, and other costs associated with exit and disposal activities, acquisition and related costs, changes to the fair value of contingent earnout shares liability, and any other one-time non-recurring transaction amounts impacting the statement of operations during the year. Adjusted EBITDA is intended as a supplemental measure of our performance that is neither required by, nor presented in accordance with, GAAP. We believe Adjusted EBITDA, when combined with net loss, and EBITDA, is beneficial to an investor's complete understanding of our operating performance. We believe that the use of EBITDA and Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial measures with those of comparable companies, which may present similar non-GAAP financial measures to investors. However, you should be aware that when evaluating EBITDA and Adjusted EBITDA we may incur future expenses similar to those excluded when calculating these measures. In addition, our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Our computation of EBITDA and Adjusted EBITDA may not be comparable to other similarly titled measures computed by other companies, because all companies may not calculate EBITDA and Adjusted EBITDA in the same fashion.
Because of these limitations, EBITDA and Adjusted EBITDA should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. We manage our business utilizing EBITDA and Adjusted EBITDA as supplemental performance measures.
First Quarter 2021 Financial Results
CANOO INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
UNAUDITED
March 31, December 31,
2021 2020
Assets
Current assets
Cash and cash equivalents $ 641,925 $ 702,422
Prepaids and other current assets 15,639 6,463
Total current assets 657,564 708,885
Property and equipment, net 44,607 30,426
Operating lease right-of-use assets 14,669 12,913
Other assets 993 1,246
Total assets $ 717,833 $ 753,470
Liabilities and stockholders' equity
Liabilities
Current liabilities
Accounts payable $ 17,793 $ 17,243
Accrued expenses and other current liabilities 18,645 10,625
Total current liabilities 36,438 27,868
Contingent earnout shares liability 49,943 133,503
Private placement warrants liability -- 6,613
Operating lease liabilities 14,120 13,262
Long-term debt 6,943 6,943
Other long-term liabilities 111 39
Total liabilities 107,555 188,228
Stockholders' equity
Preferred stock, $0.0001 par value; 10,000 authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020 -- --
Common stock, $0.0001 par value; 500,000 authorized; 237,499 and 235,753 issued and outstanding at March 31, 2021 and December 31, 2020, respectively 24 24
Additional paid-in capital 970,842 910,579
Accumulated deficit (360,588) (345,361)
Total stockholders' equity 610,278 565,242
Total liabilities and stockholders' equity $ 717,833 $ 753,470
CANOO INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
UNAUDITED
Three Months Ended
March 31,
2021 2020
Revenue $ -- $ --
Costs and Operating Expenses
Cost of revenue, excluding depreciation -- --
Research and development expenses, excluding depreciation 39,319 19,293
Selling, general and administrative expenses, excluding 55,627 4,081
depreciation
Depreciation 2,124 1,685
Total costs and operating expenses 97,070 25,059
Loss from operations (97,070) (25,059)
Other (expense) income
Interest income (expense) 11 (5,825)
Gain on fair value change in contingent earnout shares liability 83,560 --
Gain (loss) on fair value change in private placement warrants (1,639) --
liability
Other expense, net (89) (6)
Loss before income taxes (15,227) (30,890)
Provision for income taxes -- --
Net loss and comprehensive loss $ (15,227) $ (30,890)
Per Share Data:
Net loss per share, basic and diluted $ (0.07) $ (0.37)
Weighted-average shares outstanding, basic and diluted 224,795 82,444
CANOO INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
UNAUDITED
Three months ended
March 31,
2021 2020
Cash flows from operating activities:
Net loss (15,227) (30,890)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation 2,124 1,685
Non-cash operating lease expense (584) 155
Debt discount amortization -- 2,638
Stock-based compensation 45,146 389
Gain on fair value in contingent earnout shares liability (83,560) --
Gain (loss) on fair value change in private placement warrants liability 1,639 --
Other -- 18
Changes in operating assets and liabilities:
Prepaids and other current assets (9,176) (91)
Other assets 253 362
Accounts payable 3,635 169
Accrued expenses and other current liabilities 1,899 1,958
Operating lease liabilities (168) (100)
Other long-term liabilities 71 --
Net cash used in operating activities (53,948) (23,707)
Cash flows from investing activities:
Purchases of property and equipment (12,108) (738)
Net cash used in investing activities (12,108) (738)
Cash flows from financing activities:
Proceeds from related party convertible debt and derivative liability -- 15,000
Proceeds from public warrants exercised 6,867 --
Repurchase of unvested shares (2) --
Payment of offering costs (1,306) --
Net cash provided by financing activities 5,559 15,000
Net decrease in cash, cash equivalents, and restricted cash (60,497) (9,445)
Cash, cash equivalents, and restricted cash
Cash, cash equivalents, and restricted cash, beginning of period 702,422 29,507
Cash, cash equivalents, and restricted cash, end of period 641,925 20,062
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents at end of period 641,925 19,562
Restricted cash at end of period -- 500
Total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows 641,925 20,062
CANOO INC.
ADJUSTED EBITDA RECONCILIATION TABLE
The following table reconciles Net loss to EBITDA and Adjusted EBITDA:
Three Months Ended
March 31,
(in thousands) 2021 2020
Net loss $ (15,227) $ (30,890)
Interest (income) expense ( 11) 5,825
Provision for income taxes -- --
Depreciation 2,124 1,685
EBITDA (13,114) (23,380)
Adjustments:
Gain on fair value change in contingent earnout shares liability (83,560) --
Loss on fair value change in private placement warrants liability 1,639 -
Other expense, net 89 6
Stock-based compensation 45,146 389
Adjusted EBITDA $ (49,800) $ (22,985)
About Canoo
Canoo has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team - totaling over 400 employees from leading technology and automotive companies - Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. For more information, please visit www.canoo.com.
For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit investors.canoo.com.
###
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity and market share, expectations and timing related to commercial product launches, potential success of, and ability to accelerate its, go-to-market strategy, and Canoo's ability to capitalize on commercial opportunities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond Canoo's control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination with Hennessy Capital Acquisition Corp. IV; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy; the effects of competition on Canoo's future business; the ability to issue equity or equity-linked securities, and those factors discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's registration statement on Form S-1 originally filed on January 13, 2021, and the definitive proxy statement/prospectus contained therein, and the Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the SEC on March 31, 2021, as well as its other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or Canoo's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo's expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo's assessments to change. However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so unless required by law. These forward-looking statements should not be relied upon as representing Canoo's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
i Excludes optional equipment and add ons, premium features, tax, title, license and other fees.
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comtex tracking
COMTEX_386772641/1005/2021-05-17T16:02:08
yes a.h. production, Canoo Inc (GOEV)'
Nice announcement. Picking and production
all da spacs crashed wow
Canoo Inc (GOEV)
7.29 ? 0.16 (2.24%)
Volume: 1,368,142 @05/14/21 3:33:44 PM EDT
Bid Ask Day's Range
7.29 7.3 7.18 - 7.58
GOEV Detailed Quote
all da spacs crashed wow
Canoo Inc (GOEV)
7.29 ? 0.16 (2.24%)
Volume: 1,368,142 @05/14/21 3:33:44 PM EDT
Bid Ask Day's Range
7.29 7.3 7.18 - 7.58
GOEV Detailed Quote
Wow, this has been a painful purchase. But I look back at Blink and Solo warrants and the PPS crashed with both of them until blast off. Hopefully the same thing happens here.
I DON'T KNOW WHY BUT YES. $GOEV BUY DA WT $GOEVW
Taking a drubbing here. But still looking for this to take off. Same thing happened with blink and solo. Bad timing. Averaged down and all was good
Canoo Inc (GOEV)
8.27 ? -0.09 (-1.08%)
Volume: 3,521,922 @04/16/21 7:59:46 PM EDT
Bid Ask Day's Range
8.26 12.5 8.12 - 8.43
GOEV Detailed Quote
thank you for all info 'Canoo Inc (GOEV)'
2025 $11.5 Should move dollar for dollar with share price
* * $GOEV Video Chart 03-30-2021 * *
Link to Video - click here to watch the technical chart video
2025 $11.5 Should move dollar for dollar with share price
when do the expire ????? warrants what is conversion pps ?????
$7 and as low as 2.60 today.
when do the expire ????? warrants what is conversion pps ?????
$7 and as low as 2.60 today.
I paid as high as $7 and as low as 2.60 today.
how much are da warrants my friend 'Canoo Inc (GOEV)'
Mick, it is the sharp pivot the company did and his presentation. Analysts and funds are pissed. I am over it now and bought another 120,000 warrants to average cost down.
This was always a long term play but I think most people expected short term catalysts. Subscription model is out and he talked about building micro plants in the future. Getting close to naming company for manufacturing.
Hyundai is out as company wants to protect the IP. Maybe this opens the door again for Apple.
That’s a wrap. Just gonna keep nibbling away.
Mick, it is the sharp pivot the company did and his presentation. Analysts and funds are pissed. I am over it now and bought another 120,000 warrants to average cost down.
This was always a long term play but I think most people expected short term catalysts. Subscription model is out and he talked about building micro plants in the future. Getting close to naming company for manufacturing.
Hyundai is out as company wants to protect the IP. Maybe this opens the door again for Apple.
That’s a wrap. Just gonna keep nibbling away.
report is better & improving Canoo Inc (GOEV)
Canoo’s 4Q Loss Improves On Electric Vehicles Strength
March 30 2021 - 02:43AM
TipRanks
i am surprised some,Canoo Inc (GOEV)'
i am surprised some,Canoo Inc (GOEV)'
This company is a joke- run by morons
Canoo Inc (GOEV)
11.5 ? -0.96 (-7.70%)
Volume: 5,294,625 @03/29/21 7:59:40 PM EDT
Bid Ask Day's Range
11.4 11.49 11.65 - 12.54
GOEV Detailed Quote
traders no like but it is ah good company wit great potentials. 'Canoo Inc (GOEV)'
Earnings call a mixed bag. Seems negative short term but positive long term.
I am in this long term so pps fluctuation not a big deal.
Definitely seemed like some funds were not happy with pivots by company.
THANK YOU, INTERESTING Canoo Inc (GOEV)'
$11.5 strike good till 2025... at higher prices you will have nearly 3 to 1 leverage and pps should move $1 to $1.
$11.5 strike good till 2025... at higher prices you will have nearly 3 to 1 leverage and pps should move $1 to $1.
WHAT IS WARRANTED DATED ????? TIL ????? Canoo Inc (GOEV)' SO YA BY DA UNIT ?????
Gonna keep buying warrants, paid as high as $7.25... Eventually they will have news.
SAID $GOEV COULD AH MAJOR THORN FOR MANY IN ELECTRIC VEHICLES 'Canoo Inc (GOEV)'
GOOD VIDEO WATCH [RADAR]
$GOEV Why GOEV Stock Is My No. 1 EV Stock to Buy[MOST INNOVATED IN DA WORLD
1,908 views•Premiered Mar 22, 2021
CANOO
From what I understand Canoo is working on a longer battery than that. Not confirmed though. Canoo's battery platform allows for easy switching out small batteries.
I think the Hyundai partnership and the potential Apple partnership is good enough reason for me though. I doubt Hyundai will be happy with a 200 mile battery
READING ON ELECTRIC VEHICLES THEY ARE NOT BAD IN PRICE. THEY DO NOT SAY BATTERY REPLACEMENT COST THOUGH 'Canoo Inc (GOEV)'
TSLA GOT ONE DOING $525 MILES
DIS IS WOW VEHICLE E.V. CANOO All Electric 2021 PICKUP TRUCK REVEAL / Unbelievable Features
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JAY LEONO Inside Look At New Car Company Canoo - Jay Leno’s Garage
1,335,804 views•Jul 5, 2020
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The plant, at full capacity, will be able to build over 150,000 vehicles a year, he said in an interview.
Canoo's investment in the facility will come in stages, and depending on demand could ultimately range from $500 million to $1 billion,
he said, adding that the state is providing Canoo more than $300 million in tax incentives.
Until the Oklahoma plant opens, VDL will build Canoo's seven-seat vehicle for the U.S. and European markets,
he said, allowing Canoo to meet its commitment to start production in the fourth quarter of 2022.
LOS ANGELES, March 10, 2021 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a company developing breakthrough
purpose-built electric vehicles (EVs) with a proprietary and highly versatile platform architecture,
debuted today its fully-electric pickup truck during the Motor Press Guild's Virtual Media Day (VMD) in partnership with Automobility LA.
The production version of the pickup truck will open for preorders in Q2 2021, with deliveries beginning as early as 2023.
"We are so passionate about building vehicles that can change people's lives," said Tony Aquila, Executive Chairman, Canoo.
"Our pickup truck is as strong as the toughest trucks out there and is designed to be exponentially more productive. This truck works for you.
We made accessories for people who use trucks – on the job, weekends, adventure. You name it, we did it because it's your platform and she's bad to the bone."
Canoo's pickup truck was built with several unique features to help customers do more with their vehiclesi:
Pull-out Bed Extension:
The pickup truck bed is six feet long and can extend to a fully enclosed eight feet, allowing big items such as a 4 by 8 ft sheet of plywood to easily fit inside.
The pull-handle bed extension also helps with loading and unloading the truck. The extension also serves as a license plate holder.
When the bed is extended, a second layer of tailgate doors can be swiveled out.
The bed-extension also houses a secondary lamp, containing all tail lamp functions, so the truck can be driven while the bed space is maximized.
Fold Down Worktable + Cargo Storage:
To offer the greatest customer utility, the pickup features a front cargo storage area that can hold tools or gear, also includes a fold down worktable with electrical outlets.
The workstation table is extendable to allow customers to have maximized work surface on the go, in addition to providing an area to put on gear before heading out exploring.
Flip-Down Side Tables:
Both sides of the vehicle house a flip down table in two expandable depths.
Built into the side panel of the truck bed, the flip-down side table becomes a workbench with multi-functional power sources in close proximity.
Side Step + Storage:
On the side of the vehicle there is a hidden step to allow quick and easy access to the truck bed.
Underneath the step is a flexible storage area for items including: a first-aid kit, cooler for snacks and drinks, lockable laptop storage and more.
This space efficient feature is only possible due to Canoo's ultra-flat platform.
Modular Bed with Space Dividers:
The truck bed is modular with the use of Canoo's space divider system designed to keep items separate and secure.
The bed wall also incorporates modular wheel chocks to secure bikes and configurable tie downs for ladders, large equipment and other materials.
Multi-Accessory Charge Port:
The pickup truck can double as a powerplant with exportable power accessible on all sides of the vehicle.
Power can last all day for tools and devices, with as little as 10% impact on vehicle range.|
Integrated Overhead + Bed Perimeter Lighting:
The third break light doubles as an overhead light to see inside the cargo bed at night.
The vehicle is also equipped with perimeter lighting on all sides of the bed wall for added visibility.
Roof Rack:
The pickup truck has optional roof racks in variable sizes for added cargo storage. The roof rack is easily accessible from the flatbed or via the sidestep.
Camper Shell:
The pickup truck has been designed to accommodate a variety of camper shells to fit as many use cases as possible.
The pickup truck is the third vehicle that will be based on the company's proprietary multi-purpose platform architecture, enabling the accelerated development timeline.
Canoo's EV platform functionally integrates all the critical components of an electric powertrain to be as flat and efficient as possible.
Traditional EV platforms have power units, shock towers and mechanical steering columns that protrude into the vehicle and take up space.
By incorporating steer-by-wire and other space-saving technologies,
Canoo's thin platform, with no need for an engine compartment, allows the company to offer a flatbed size comparable to America's best-selling pickup truck on a smaller footprint.
This makes the vehicle easier to maneuver and more convenient to drive and park in any terrain.
Vehicle specifications for the Canoo pickup truck includeii:
Canoo designed its pickup truck to be the most cab-forward and space efficient on the market, with massive cargo capacity on the smallest footprint possible.
Thanks to the flexible platform and steer-by-wire, the passenger compartment was able to be shifted forward to maximize driver visibility.
Canoo's designers gave the pickup added stance and durability with increased wheel spats to support larger wheels, which provides improved stability and gives it a rugged profile.
Advanced lighting technology provides adaptive safety, and the company's iconic signature headlights and taillights serve as core brand identifiers without the need for a logo.
Beyond just storage, the front surface of the vehicle has been extended to better protect the headlights and windscreen.
The bumpers are designed for maximum functionality and durability with integrated tow hooks and metal skid plates on both the front and rear.
The vehicle's fog lamps are also integrated seamlessly into the bumper design to offer the driver additional visibility and safety.
Lined with trim and materials selected for durability, the extended cab vehicle has two seats in the front with a customizable rear compartment
that can accommodate two additional seats or support additional purpose-built use-case configurability.
Full specifications will be revealed closer to production. With its thoughtful added features, utilitarian design, and compact maneuverability,
this vehicle reinforces Canoo's mission of creating electric vehicles for everyone on the road or dirt road.
Canoo's line of battery electric vehicles is purposefully designed to help everyday people be more productive and enjoy
a return on capital from their vehicle, putting money back into the pockets of its consumers.
About Canoo
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles that are reinventing the automotive landscape
with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first.
Distinguished by its experienced team – totaling over 350 employees from leading technology and automotive companies
– Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable
to support a wide range of vehicle applications for consumers and businesses.
For more information, please visit
http:// www.canoo.com.
For Canoo press materials, including photos, please visit press.canoo.com.
For investors, please visit investors.
http://www.canoo.com. ;
video 03-12-2021
#2-$Canoo 'Canoo Inc (GOEV)' [bed of truck is very usable][like work bench etc.][300h.p.]
assessory's available
https://www.youtube.com/watch?v=sbBXMzaXDVM&ab_channel=Canoo
Canoo
11.8K subscribers
Get updates about Canoo Pickup Truck: https://bit.ly/38vIZrG?
Own the open road with over 200 miles of range and instant acceleration with 550 ft lbs of torque.
Take what you need with you with 1,800 lbs of payload capacity and a 6 ft utility truck bed, packaging a folding side table,
pegboard bed flooring, onboard outlets and more into every corner and surface
— complete with an additional 2ft pull out extension for a little extra room when you need it.
Our purpose-built pickup truck is designed to be the most cab-forward and space-efficient vehicle available,
resulting in an open cabin with a commanding view of the road and seating for up to four. An exercise in function and form,
the Canoo Truck makes use of every millimeter of space for all the utility you need for work and the weekend.
Official Press Release: https://bit.ly/3l7QeLj?
Connect with Canoo:
Instagram: https://www.instagram.com/canoo??
Facebook: https://www.facebook.com/canoo??
LinkedIn: https://www.linkedin.com/company/canoo??
Twitter: https://www.twitter.com/canoo??
Medium: https://www.medium.com/@canoo?
#Canoo? #PickupTruck? #ElectricTruck
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