Walmart Tests Canoo LDVs for InHome Deliveries in DFW

Walmart Purchased 4,500 Canoo Electric Vehicles to be Used for Last Mile Deliveries in Support of Its Growing eCommerce Business

Within two weeks of signing an agreement to purchase 4,500 vehicles, Canoo (NASDAQ: GOEV), & Walmart (NYSE: WMT) InHome launched advanced deliveries to finalize their unique configuration for their Lifestyle Delivery Vehicles (LDV) order. Canoo LDV’s were deployed for real world deliveries in a 7-days-a-week program in the Dallas Fort Worth metroplex (DFW). InHome delivery is an optional add-on for Walmart+ members offering unlimited delivery from Walmart stores to their door and

“It’s been awesome to work with Walmart’s highly experienced team to rapidly deploy our LDV’s in real world use cases to finalize a configuration for Walmart,” said Tony Aquila, Investor, Chairman & CEO at Canoo. “Our LDV has been engineered to enable a wide range of package deliveries, including refrigerated items, groceries and general merchandise – and do it efficiently, emission free and with a high level of driver comfort and ergonomics. And we have been turning a lot of heads in the neighborhoods when driving by in our uniquely identifiable vehicles.”

The LDV: Modular and engineered for industry leading ROI
The LDV is built on Canoo’s proprietary multi-purpose platform (MPP) architecture that integrates the motor, battery module, critical driving components and proprietary flat leaf spring suspension. This platform is the foundation for all Canoo vehicles and enables more usable space for the cabin and cargo area. The LDV is engineered for high frequency stop-and-go deliveries and rapid vehicle to door drop-off, including grocery and food/meal delivery. The interior is customized to Walmart’s specific use-case at competitive per stop economics. The modular design and 120 cubic feet of cargo volume that’s adaptable to evolve with Walmart’s business strategy including its focus to become a regenerative zero emissions company by 2040.

Engineered with the driver in mind, the modular vehicle is designed for swift loading and unloading. The smaller footprint, tight turning radius and ease of maneuverability support narrow roads and driveway parking making the LDV ideal for new and veteran delivery drivers.

Canoo and Walmart recently announced an agreement to purchase 4,500 all-electric delivery vehicles, beginning with the LDV, with the option to purchase up to 10,000 units. The vehicles will be used to deliver online orders in a sustainable way which will also contribute to Walmart’s goal to achieve zero-emissions by 2040.

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