Canoo Inc. is an electric vehicle startup that was recently struggling until it won an order of 4,500 vans from Walmart Inc. Canoo Inc. recently moved its headquarters to Bentonville, Ark., the hometown of Walmart. The Wall Street Journal reported that the company is currently worth nearly $1.2 billion. The vans are expected to start taking the road next year.
Canoo is set to send some “pre-production vehicles to Walmart in the coming weeks to ‘refine and finalize’ a configuration” for the Dallas-Fort Worth area. Click here for the story.