![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, April 03, 2024 1:09:38 PM
“Had Reuters called Canoo for comment we would have told them that we raised $324 million in 2022, and $288 million in 2023 and we are currently in discussions with several entities and individuals about investing in the company this year,” Canoo wrote in the post. “We would have also told them that we have begun manufacturing, expect to step up our manufacturing effort this year, and have a backlog of orders. And, that we are not in the consumer market, we are in the commercial market.”
In addition, the EV maker highlighted the fact that the company’s executives firmly believe in the company’s future, adding that CEO Tony Aquila has personally contributed to the automaker.
“Canoo executives, including its CEO, have every confidence in the company. In fact, since mid-2020 and through 2023, Mr. Aquila has invested more than $350 million in the company’s stock.”
The automaker just began initial deliveries of its latest Oklahoma-produced commercial Lifestyle Delivery Vehicles (LDVs) in December, delivering a total of 17 vehicles in Q4 and an additional 5 that were produced in Texas earlier in the year. The initial deliveries went out to a few offices in the state of Oklahoma, as well as companies Kingbee and Zeeba. Earlier in the year, Canoo made deliveries to the U.S. Army and to NASA, though its Oklahoma production facility wasn’t yet running.
“We will continue to make progress towards accessing additional forms of debt and other non-dilutive forms of capital as we move into 2024,” said Canoo CFO Greg Ethridge in a call following the earnings report. “Let’s be very clear. We’ll only raise the capital that we need.”
Recent GOEV News
- Canoo Joins Russell 3000®, Russell 2000® and Russell Microcap® Indexes • GlobeNewswire Inc. • 07/01/2024 11:00:00 AM
- Canoo Honored with Multiple Red Dot 2024 Design Awards for Exceptional Design Innovation of Commercial EVs • GlobeNewswire Inc. • 06/27/2024 11:00:00 AM
- Canoo Received Discounted Manufacturing Assets at Oklahoma Facilities • GlobeNewswire Inc. • 06/24/2024 11:00:00 AM
- Canoo Announces Participation in June Investor Conferences • GlobeNewswire Inc. • 06/03/2024 11:00:00 AM
- DLocal Plunges 26.7% After Earnings Report, Nextracker Soars with Impressive Numbers, and More in Earnings News • IH Market News • 05/15/2024 11:43:43 AM
- Canoo Inc. Announces First Quarter 2024 Results • GlobeNewswire Inc. • 05/14/2024 08:05:00 PM
- US Futures Remain Steady Amid Wall Street Caution Ahead of April PPI Report • IH Market News • 05/14/2024 11:18:01 AM
- Canoo to Announce First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/03/2024 11:30:00 PM
- Canoo Further Expands its International Market Presence through the Red Sea Global Partnership in the Kingdom of Saudi Arabia • GlobeNewswire Inc. • 04/08/2024 10:00:00 AM
- Canoo to Present at LD Micro Conference April 8-9 • GlobeNewswire Inc. • 04/05/2024 05:33:11 PM
- Moore Law PLLC Encourages Investors in Canoo Inc. to Contact Law Firm • PR Newswire (US) • 04/05/2024 12:15:00 AM
- Canoo Enters a $30 Billion Market with Multiple Commercial Vehicle Sales in Saudi Arabia • GlobeNewswire Inc. • 04/02/2024 10:00:00 AM
- Canoo Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 04/01/2024 10:37:43 PM
- Canoo’s Oklahoma City Manufacturing Facility Approved as Foreign Trade Zone • GlobeNewswire Inc. • 03/18/2024 10:00:00 AM
- Canoo to Announce Fourth Quarter and Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 03/11/2024 09:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 11:00:22 AM
- Canoo to Participate at Upcoming Investor Conferences • GlobeNewswire Inc. • 03/07/2024 11:00:00 AM
- Canoo Inc. Announces 1-for-23 Reverse Stock Split Effective March 8, 2024 • GlobeNewswire Inc. • 03/06/2024 11:00:00 AM
- Canoo Successfully Completes First Hiring Milestone and Receives Non-Dilutive Incentives from Oklahoma • GlobeNewswire Inc. • 02/27/2024 12:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:14:01 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:12:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 09:07:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:07:20 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/09/2024 09:06:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 11:09:03 AM
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM