Canoo Inc Shifts Focus to Fleet Vehicles, Secures High-Profile Clients Like Walmart and NASA [Video]

Canoo Inc Chief Financial Officer Greg Ethridge joined Steve Darling from Proactive to discuss the company’s evolving strategy and growth. Founded in 2017, Canoo is a mobility company specializing in delivering hardware and software solutions for commercial and government fleet opportunities, moving away from its original consumer-facing approach.

Ethridge highlighted significant partnerships with top-tier clients, including Walmart, NASA, and the US Postal Service, as part of the company’s shift toward sustainability-focused fleet vehicles. Canoo’s compact, high-payload electric vehicles are gaining traction internationally, especially in the UK market, where the design is well-suited for navigating narrow roads and tight turns, making them ideal for Europe.

Ethridge also noted Canoo’s Foreign Trade Zone status, which helps reduce manufacturing costs and enhance its competitiveness in global markets. The company has been actively building relationships and conducting pilot programs in the UK over the past six months, receiving positive feedback.

Looking ahead to 2025, Ethridge outlined milestones in production and sales that position Canoo for further growth in both domestic and international markets.

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