Photo: Canoo
Walmart is set to purchase 4,500 Canoo delivery EVs for use in last-mile delivery services, according to a press release shared on Tuesday.
The Canoo vehicles are set to begin delivering for Walmart in 2023, to help support the retailer’s growing e-Commerce business and its bid to reach zero emissions by 2040.
Walmart will start with the Lifestyle Delivery Vehicle (LDV) from Canoo, and will be offered the ability to purchase as many as 10,000 units.
The companies will refine and finalize vehicle configuration details in the coming weeks, with the early production of the vehicle expected to begin in Q4 of this year.
Apple Hires Former BMW Executive and CEO of Canoo for EV Project https://t.co/ntO8Gr2l3U
— TeslaNorth.com (@RealTeslaNorth) June 11, 2021
In a statement, Walmart U.S. Vice President of Innovation and Automation David Guggina said, “We’re thrilled to continue diversifying our last-mile delivery fleet with Canoo’s unique and sustainably focused all-electric technology which will provide our associates with safe, ergonomic delivery vehicles.”
News of the deal sent Canoo shares surging up 77% on Tuesday to $4.21 per share.
Walmart employees will drive the modular electric vehicles (EV) to deliver online orders ranging from groceries to general merchandise.
The news comes just a few months after Canoo said it was running out of cash and would likely be unable to continue.
In the same month, Apple said its car project could seek Canoo’s engineering talent, but not its technology.
Canoo opened pre-orders for the LDV last year, originally beginning at $34,750.
