Canoo announces launch of all electric multi-purpose commercial vehicle

The new vehicle, which is based on the company’s patented electric platform, would be offered in two initial size variations, with others to follow.

With various automobile companies looking forward to developing electric vehicles in wake of the rising GHG levels globally, a Los-Angeles based EV firm- Canoo- has taken a big leap in this aspect. It has been reported that the company has recently unveiled its all electric multi-purpose delivery vehicle at a deal of $33,000. Company officials suggest that the vehicle has been specifically designed to maximize the return on investment for its clients.

As per reliable reports, the limited availability would commence in 2022, with enhanced production and launch planned for 2023. Moreover, the launch is meant to cater to a wide spectrum of customers. It has been believed that the multi-purpose delivery EV is designed particularly with the demands of small businesses and largest delivery companies in mind.

Commenting on the novel launch, Executive Chairman of Canoo- Tony Aquila- quoted that the firm has developed its multi-purpose delivery vehicle keeping into consideration the ergonomics of the driver in line with intrinsic details to help them be more productive at work and be at ease while on the move.  

The vehicle is economically priced and delivers enhanced cargo capacity of about 30% than current EVs of its class. He added that the company, with this launch, aims to lower down the total cost of ownership and increase return on investment for almost everyone right from local small business owners to large fleets.

According to the Canoo, the firm’s exclusive EV platform stands to be one of the flattest platforms in the industry. Furthermore, the company anticipates that its multi-purpose delivery vehicle could allow customers to achieve an improvement on return anywhere between $50,000 to $80,000 on capital over 6-7 years depending on the use case.

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By Shreya Bhute

With corporate exposure in software and marketing, Shreya was always intrigued by content development. Having pursued her graduation in I.T. engineering, she works as a content writer for and jots down news articles across distinct domains including technology, business and healthcare.