The Canoo van, known as a multipurpose delivery vehicle, or MPDV, due to the ways in which it can be equipped, is designed for commercial customers.
Canoe
Canoo, the startup of electric vehicles, unveiled a new delivery van on Thursday ahead of its public debut on the NASDAQ next week.
The futuristic-looking van, known as a multipurpose delivery vehicle, or MPDV, because of the ways it can be equipped, is designed for everything from last-mile deliveries to food trucks, according to the California-based company. . It is expected to start around $ 33,000.
“There are many use cases that this vehicle can make,” Canoo president Tony Aquila, a major investor in the company, said during an MPDV presentation video. “We wanted it to look very elegant, very modern but at the same time very affordable.”
Vehicle production is scheduled to begin in 2022 and increase in 2023. The company did not announce specific production plans, but has previously announced a strategic relationship with car supplier and contract manufacturer Magna International.
These commercial vehicles are expected to be a key engine for the sale of profitable electric vehicles for the automotive industry. This is a segment of emerging companies and legacy car manufacturers want to enter quickly in the coming years. Ford Motor, which leads commercial vehicle sales, plans to launch an EV van in 2021, followed by an electric version of its F-150 pickup the following year.
Interior of the Canoo van, also known as a multipurpose delivery vehicle, or MPVD.
Canoe
Canoo said the MPDV will be available in two sizes with different eV ranges and battery sizes. The company claims that the range of the smallest van, known as MPDV1, is expected to be between 130 miles and 230 miles, while the largest van, MPDV2, is between 90 miles and 190 miles depending on battery sizes. . Canoo takes reservations and $ 100 refundable deposits for vehicles from its website.
Canoo is part of a wave of new speculative electric vehicle start-ups that are expected to enter the market after being made public through reverse mergers with special-purpose acquisition companies, also known as blank companies. The company announced the merger agreement with Hennessy Capital Acquisition Corp. in August.
Canoo is expected to be listed on the NASDAQ as a “CNOO” on Tuesday after a shareholders meeting to approve the merger on Monday. The deal is expected to provide Canoo with approximately $ 600 million to support the production and launch of electric vehicles.
Hennessy shares fell 10% during Thursday’s trading near $ 18. Shares have continued to rise by approximately 69% since the deal with Canoo was announced on August 18th.
This is Canoo’s second planned vehicle. The first was a smaller tablet-shaped vehicle designed more for consumers. According to Canoo, it is expected to be available through a vehicle service exclusively for members starting in 2022.
During Thursday’s vehicle presentation, the company also mocked what looked like a car and a pickup truck under two sheets.