Canoo has designed the world's flattest modular, all-electric "skateboard" platform that allows it to reimagine EV design, maximize usable interior space and support a wide range of vehicle applications. Canoo's skateboard architecture - a unique, self-contained, independently drivable rolling chassis - directly houses all of the most critical components of an EV. Canoo's consumer go-to-market strategy capitalizes on changing consumer preferences to deliver a month-to-month, commitment-free, subscription-based business model.
"Today marks an important milestone of Canoo's effort to reinvent the development, production and go-to-market model of the electric vehicle industry," Canoo co-founder and CEO Ulrich Kranz said in a news release. "Our technology allows for rapid and cost-effective vehicle development through the world's flattest skateboard architecture, and we believe our subscription model will transform the consumer ownership experience. We are excited to partner with
Upon closing of the transaction, the combined operating company will be named
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