EV startup Canoo resumes its work of the news series this week with a statement that the United States Army has chosen Canoo’s Multi-Purpose Platform for research and presentation as it aims to integrate adaptable EV technologies into its systems.
Canoo ($GOEV) was established in 2017 by two of Faraday Future’s former staff who assisted in enhancing some EV plans the startup has been running to lead the manufacturing, with a multi-purpose delivery van, and the Canoo Pickup Truck.
The first EV Canoo has been deciding to unveil is the Lifestyle Car, which was selected to take future astronauts on the Artemis Missions to the rocket platform under an agreement presently granted by NASA.
Following a legal action to redeem $61 million in “short swing” income apparently made Canoo’s second biggest investor behind CEO Tony Aquila and an incriminating 1st Quarter report that comprised a deficit of $125 million, the firm started showing “substantial doubt” regarding its capability to resume.
That was until earlier this week when Walmart decided to purchase at least 4,500 EVs from Canoo in an acquisition contract that permits for the acquisition of up to 5,500 more after that, in a swap for applied warranted shares, a total 20% of the whole firm.
Now, Canoo is getting close with another government agency by distributing an EV to the US Army.
In the Military now: Canoo to provide at least one EV to the Army
Canoo has maintained the lead in news feeds with its newest bulletin, declaring the US Army has granted the startup the chance to provide it with one EV for “analysis and demonstration.”
Based on the bulletin, “this contract supports the US military’s focus to incorporate scalable and adaptable capabilities in operational and garrison environments.” The bulletin is more of an advertisement than anything, just giving the information above together with this note from CEO Tony Aquila:
“As an American company based in the heartland, it is an honor to be selected by the US Army. This is another opportunity to prove our proprietary technology – which is customizable and adaptable for multiple use cases and special environments.”
The bulletin mentions Canoo’s Multi-Purpose Platform and “an EV,” so it’s uncertain at this moment if the startup is providing a platform to the Army or if there will be a “top hat” EV figure on top of it.
