Canoo Bags Binding Order From Kingbee For 9,300 EVs

Canoo Inc GOEV has received a binding order for 9,300 American-made electric vehicles from Kingbee, a work-ready van rental provider. The order has an option to increase to 18,600 vehicles.
Kingbee will upfit, wrap and deliver Canoo vehicles as work-ready fleets solutions for enterprise and small & medium sized business (SMB) customers across the U.S.
The Light Duty Vehicle (LDV) combines 120 cubic feet of configurable cargo volume with an 80kwh battery pack with the handling and turning radius of a small passenger vehicle.
"Canoo's proprietary platform and tophat technology enables Kingbee to adapt their fleet for evolving use cases at a class leading ROI, while allowing their customers to benefit from a vehicle, that is engineered for workers and optimized for ergonomics, with superior visibility, maneuverability and safety," said Chairman & CEO Tony Aquila.
Price Action: GOEV shares are trading higher by 10.19% at $1.42 in premarket on the last check Monday.