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Canoo new EV concept and start-up to challenge Tesla

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The Canoo - a new EV design and business concept and start-up - to go public with a $2.4 billion valuation later this year. Canoo is joining a raft of EV makers with an unusual listing method via Hennessy Capital Acquisition Corp, which avoids a traditional IPO.

Based out of Torrance, California, Canoo is working on developing a fleet of electric, 7-passenger urban people carriers – with a skateboard architecture design concept - that will be offered to customers via a subscription only.
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By Jeremy Wright

25 August 2020

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