Mats Karlsson

Mark Lennihan / TT NYHETSBYRÅN

Tech

Canoo Inc., formerly known as Evelozcity, is a American manufacturer of electric vehicles. The company is located in Torrance, near Los Angeles, California. The company specializes in cars, minibuses and commercial vehicles, which are intended to be in the lower and medium price segments.Canoo was founded in 2017 under the name Evelozcity by founding investors Li Botan and David Stern. Stefan Krause and Ulrich Kranz were first employees, Krause coming from Deutsche Bank and Faraday Future while Kranz worked for BMW. The company's concept is to produce affordable electric vehicles for rental and sharing services.In March 2019 the company was renamed Canoo.In September 2019, the company presented its first prototype, the electric van Canoo.In February 2020, Hyundai Motor Group, the parent company of Hyundai Motors and Kia Motors, announced that the company will partner with Canoo on the joint development of a new electric vehicle platform. The platform would be utilized for compact vehicles as well as fleet vehicles such as shuttles. The deal is part of Hyundai's Strategy 2025 program which will see Hyundai investing $87 billion USD for five years starting in 2020.In September 2020, it was announced that Canoo had entered into an agreement for a merger with the special purpose acquisition company Hennessy Capital Acquisition Corp. IV. As a result of the merger, the start-up will be listed on the NASDAQ. This is expected to raise $300 million and finance the production of the Canoo minivan, which is expected to be launched in 2022.On December 22nd, 2020, Canoo completed it's merger with Hennessy Capital Acquisition Corp, and is now listed on the NASDAQ under the ticker symbol (NASDAQ:GOEV).

Uppgifter: Apple ville köpa elbilsstartupen Canoo

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