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Home Canoo recieves major order for 9,300 electric vans from Kingbee in the USA
Canoo

Canoo recieves major order for 9,300 electric vans from Kingbee in the USA

By Casper BenedictOctober 18, 2022Updated:October 19, 2022No Comments2 Mins Read
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Canoo recieves major for 9,300 electric vans from Kingbee in the USA

Canoo received an order for 9,300 electric vans from Kingbee, a US car rental company. In the agreement signed an option to double the order to 18,600 electric vehicles. This is the third deal Canoo has announced in about three months.

Kingbee will lease Lifestyle Delivery Vehicles (LDV) Canoo as part of the fleet solution. Kingbee is known to specialize in fleets for small and medium-sized businesses with a customer base in 27 US states.

This deal is Canoo’s third in three months. Previously Canoo also received orders for 4,500 electric vehicles from retail giant Walmart with an option of 10,000 units.

A few days ago, an electric vehicle startup from California also agreed to an order for 5,450 electric vehicles from fleet rental provider Zeeba, with an initial commitment of 3,000 units by 2024.

Leading national work-ready van rental provider Kingbee Vans to purchase 9,300 American-made #electricvehicles from Canoo, with an option to increase to 18,600 vehicles.
Learn more here: https://t.co/J3Tng7pUpQ#kingbee #canoo #goev pic.twitter.com/dzvk30gmTE

— Canoo (@canoo) October 17, 2022

The LDV is a cargo variant of Canoo’s Lifestyle Vehicle (LV) built on a multi-purpose platform (MPP) architecture. The vehicle uses an 80 kWh battery pack and is designed for urban environments. The vehicle offers up to 120 cubic feet (3.4 cubic meters) of cargo space.

For Canoo, a few large orders could be a lifesaver, given the company’s previous financial problems.

However, Canoo’s position of financial difficulties makes the negotiating position weaker. This is evidenced by the fact that Canoo had to swallow a few dollars for a large Walmart order in July.

Walmart could take over up to a quarter of Canoo in the future, and Canoo is not allowed to sell vehicles to Amazon during the term of the deal.

Walmart to purchase 4,500 Canoo EVs to electrify deliveries fleets

See Also:

  1. Canoo to use contractor for first batch of electric vans for Walmart
  2. Canoo electric transporters introduced for NASA next mission to the moon
  3. Walmart to purchase 4,500 Canoo EVs to electrify deliveries fleets
  4. GM’s BrightDrop delivers 150 Zevo 600 electric delivery vans to FedEx
  5. Tevva Launches its first hydrogen electric truck, range up to 310 miles
Business Canoo Electric Van Electric Vehicle Fleet Startup Walmart
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