Canoo’s van – known as a multipurpose van, or MPDV, because of the ways it can be equipped – is designed for corporate customers.
Canoo
Electric vehicle start-up Canoo unveiled a new van on Thursday ahead of its public debut on NASDAQ next week.
The futuristic-looking van – known as a multipurpose van, 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 company. It is expected to start at around $ 33,000.
“There are many use cases that this vehicle can do,” Canoo Chairman Tony Aquila, a major investor in the company, said during a video reveal from the MPDV. “We wanted it to look very neat and modern, but also very affordable at the same time.”
Production of the vehicle is to start in 2022 and ramp up in 2023. The company has not announced any specific production plans, but has previously announced a strategic relationship with auto supplier and contract manufacturer Magna International.
Such commercial vehicles are expected to be a major driver of profitable electric vehicle sales for the automotive industry. It’s a segment that start-ups and legacy automakers are looking 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.
Canoo van interior, also known as a multipurpose van, or MPVD.
Canoo
Canoo said the MPDV will be available in two sizes with different EV ranges and battery sizes. The company says the range of the smaller van, known as MPDV1, is expected to be between 200 and 230 kilometers, while the larger van, MPDV2, is between 90 and 190 kilometers based on battery size. Canoo takes reservations and $ 100 security deposit for the vehicles on its website.
Canoo is part of a wave of new speculative EV start-ups that plan to enter the market after going public through reverse mergers with specialty acquisition companies, also known as blank check companies. The company announced its merger agreement with Hennessy Capital Acquisition Corp. in August. On.
Canoo is expected to be listed on the NASDAQ as “CNOO” on Tuesday following a shareholders’ meeting to approve the merger on Monday. The deal is expected to net Canoo approximately $ 600 million to support the production and launch of electric vehicles.
Shares of Hennessy fell 10% during Thursday afternoon trading to about $ 18. The stock is still up about 69% since the deal with Canoo was announced on August 18.
This is Canoo’s second planned vehicle. The first was a smaller, pill-shaped car that was more consumer-oriented. According to Canoo, it is expected to be available through a membership-only car service from 2022.
During the vehicle’s unveiling on Thursday, the company also teased what appeared to be a car and a pickup truck under two sheets.