Home Electric Vehicle Did Canoo simply reveal a brand new partnership with Chick-Fil-A for EVs?

Did Canoo simply reveal a brand new partnership with Chick-Fil-A for EVs?

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Did Canoo simply reveal a brand new partnership with Chick-Fil-A for EVs?

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EV maker Canoo (GOEV) could have discovered its newest companion within the quick meals chain recognized for its legendary rooster sandwiches. That’s proper, Chick-Fil-A could also be set to make use of Canoo EVs, in keeping with the automaker’s newest put up.

Canoo, like most EV startups, has struggled to lift money and ramp manufacturing amid rising bills.

After draining money and expressing “severe doubt” in its means to proceed operations early final yr, Canoo’s destiny reversed. The corporate signed offers with top-tier retailers and organizations, together with NASA, the US Military, Walmart, and, most not too long ago, Schindler Elevator.

Constructing on its progress, Canoo not too long ago secured a long-term lease for its manufacturing facility in OKC, the place it would function a full meeting line for its flagship Life-style Autos (LVs).

Throughout its first-quarter earnings name, CEO Tony Aquila mentioned the corporate now has an order ebook valued at $2.8 billion and can announce the finalization of two necessary gross sales agreements shortly. Aquila continued to say one might be with a Fortune 100, and the opposite a Fortune 500.

Though Chick-Fil-A is neither, Canoo teased a possible partnership with the quick meals chain in its newest Twitter put up.

Canoo teases Chick-Fil-A partnership for EVs

Canoo posted, “Once we mentioned multipurpose LDV, we DO it +!” tagging names of its present companions together with Chick-Fil-A and EVs.

Moreover, for those who zoom in, the mannequin within the image posted seems to be a brand new variant, furthering the multipurpose LDVs lineup.

The EV maker says it’s centered on managing money after reserves fell to $6.7 million in Q1 and enhancing capital allocation because it strikes to the subsequent section, manufacturing.

In the meantime, Canoo does anticipate fast progress, anticipating the flexibility to provide 20,000 EVs yearly by the tip of 2023 and 40,000 in 2024 to satisfy the demand.

Test again quickly, as we’ll hold you up to date with the most recent particulars on the Canoo and Chick-Fil-A partnership.

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