Canoo Clinches Major Contract With Prime Time Shuttle For 550 Electric Vehicles

High-tech mobility company Canoo Inc. GOEV has secured a substantial contract with Prime Time Shuttle, involving the provision of up to 550 electric vehicles.

The contract outlines that Prime Time Shuttle will acquire the Lifestyle Vehicle (LV) Premium model vehicles from Canoo over several years. The vehicles will be integrated into Prime Time Shuttle’s luxury and airport transportation fleets that serve the Los Angeles metropolitan area.

Rattan Joea, CEO of Prime Time Shuttle, applauded the partnership, “We’re practitioners of sustainability and have a separate fleet of sustainable vehicles, so Canoo’s LVs fit nicely into our vision of providing differentiated experiences to our clients.”

See Also: Rivian Signs Agreements With Multi-County Joint Development Authority Regarding Georgia Plant: What Investors Should Know (UPDATED)

Prime Time Shuttle, operating in 34 states and having served over 50 million customers since 1984, will utilize Canoo vehicles as shuttles in the Los Angeles region. There are further plans to incorporate electric vehicles into Prime Time markets beyond California.

Canoo’s Investor, Executive Chairman, and CEO, Tony Aquila, showed enthusiasm for the partnership and appreciated California’s commitment to zero emissions. He praised Canoo’s sales team for penetrating a new market and expressed anticipation for the collaboration with Prime Time Shuttle.

Read Next: Tesla CEO Elon Musk Dishes Out Yet Another ‘Two Week’ Timeline For FSD V12 Release, Leaves X Users In Limbo

Image credits: Canoo


Engineered by Benzinga Neuro, Edited by Pooja Rajkumari


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!