Canoo

Shares of American EV startup Canoo (GOEV) are surging after its Oklahoma City facility received approval as a Foreign Trade Zone (FTZ). The approval will help improve Canoo improve profitability as it scales production. Canoo (GOEV) gets FTZ status for its OKC EV facility After throwing a lifeline to keep its shares listed on the NASDAQ with a reverse stock split earlier this month, Canoo’s (GOEV) stock is surging following the approval at its OKC EV facility. Canoo announced on Monday that…

EV startup Canoo (GOEV) is throwing out a lifeline to keep its shares listed on the NASDAQ exchange. Canoo announced a 1-for-23 reverse stock split Wednesday as share prices hit a new all-time low. Canoo initiates a 1-for-23 reverse stock split to stay listed The reverse stock split will go into effect on March 8, 2024, before the market opens. Canoo’s stock will continue trading under the ticker symbol GOEV. What does Canoo’s reverse stock split mean for your shares? For every 23 shares of…

Electric van manufacturer Canoo announced a highly visible deal with the United States Postal Service (USPS), which will see the USPS acquire a handful of right-hand drive versions of the company’s LDV 190 delivery van. Canoo announced that the USPS will purchase six (6) battery-electric Canoo vehicles. In its official press release, the company said that it was “honored” to participate in the post office’s evaluation of potential suppliers as the USPS moves towards the “groundbreaking…

Walmart-backed EV startup Canoo has announced that deliveries of its all-electric commercial van have officially begun – and the first production Canoo LDV 130 vans are already hard at work. The first batch of Canoo’s electric vans are reportedly in service now at Kingbee, a national work-ready van rental provider. The company says the delivery of vans to Kingbee is consistent with its previously announced “phased ramp-up manufacturing approach,” and asserts that additional customer deliveries will…

EV startup Canoo (GOEV) hit several milestones in the third quarter, including delivering its first EV built at its new Oklahoma facility. Canoo delivers first “Made in Oklahoma” EV in Q3 “We are now in our manufacturing and revenue-generation phase,” Tony Aquila, Canoo CEO, said after delivering Q3 results this week. Although it took “nearly three years to get to this point,” as Aquila explained, Canoo began generating its first revenue during the quarter. Canoo announced it had…

Veering off the battlefield, Canoo has revealed a more civilian-friendly version of the all-electric Light Tactical Vehicle (LTV) it provided to the US Army for testing a year ago. The new American Bulldog is designed to be as American as it comes, but instead of carrying troops and supplies across war-ravaged lands, it's aimed at more everyday tasks, like tending to farm and ranch before sneaking out for a midday fishing escape. Canoo has effectively tamed the wild "Screaming Eagle" into a loyal, energetic best friend.…

NASA and electric vehicle startup Canoo Technologies have shown off the EV that will transport the next lunar astronauts to the launchpad at the Kennedy Space Center as part of next year’s Artemis II mission. The space agency unveiled the vehicle earlier this year, but on Sunday, it gave folks attending the Formula 1 race in Austin, Texas, a closer look at its stylish exterior and rather plush interior. Close-Up: Detailed views of one of @NASA's Artemis crew transportation vehicles, currently being debuted…

Electric vehicle startup Canoo has delivered its first shipment to NASA. This week, a trio of the company’s Crew Transportation Vehicles (CTVs) arrived at the Kennedy Space Center in Florida. Although they look like they’re made for exploring the surface of the Moon, the vans are designed to carry astronauts to the KSC’s launch pads, starting with NASA’s forthcoming Artemis 2 mission. According to Canoo, the vans, based on the company’s existing lifestyle vehicle design, can carry fully-suited astronauts, as well as…

NASA got some new crew transports yesterday: a small fleet of three all-electric, “specially designed” vans designed by EV startup Canoo that will shuttle the fully suited-up Artemis crew, support personnel, and equipment to the launchpad at the John F. Kennedy Space Center in Florida.NASA will also use the new fleet for astronaut training exercises ahead of next year’s planned Artemis II mission — a sort of test run that’ll zip astronauts around the Moon and back.It would be the first crewed mission out of low Earth…

The answer is probably never. Not unless they work for the federal government. The struggling EV startup has been on the verge of running out of money since last year. Its cash burn remains high, and analysts say it’s at risk for insolvency. Indeed, Canoo’s stock has been trading for less than a dollar, putting it at risk of being delisted from the stock exchange. But despite its financial woes, the federal government is more than happy to continue to do business with the company. Today, Canoo announced it had…