Last August, Los Angeles-based electric vehicle startup Canoo issued an IPO despite not having sold a single car. However, it's helping Hyundai develop a new skateboard EV platform and, in the future, the two companies will jointly create a fully scalable architecture able to accommodate several vehicle types.

But today, Canoo has unveiled its new purpose-built pickup truck. It doesn't have a specific name, at least not yet, but preorders will begin this spring and the first deliveries could begin as early as 2023. So what makes this bubbly-looking truck a standout from future rivals like the Tesla Cybertruck and Rivian R1T?

Well, a number of things. For starters, there's a pull-out extension that expands the modular bed from six-feet to eight-feet, able to accommodate objects as big as a 4x8-ft sheet of plywood. A pull-handle bed extension makes loading and unloading easier and does double duty as a license plate holder.

Once that bed is extended, a second layer of tailgate doors can swivel out. This extension also contains a handy secondary lamp. The innovation continues at the front where you'll find a cargo storage area for tools and gear. This shelf can even fold flat to serve as a workstation table complete with electrical outlets.

At each side of the truck, there are built-in, flip-down tables with expandable depths that can also serve as workbenches where things like power tools can be placed. On the driver's side only, there's a hidden step that provides better bed access and underneath it, there's a storage compartment. Multi-access charging ports can be found on all sides, turning the truck into a power source for a range of devices.

Canoo adds it can provide power all day long and only has a 10 percent impact on range. Other notable features include a roof rack, integrated overhead and bed perimeter lighting, and an insanely cool camper shell. Aside from literally being a multi-tool on wheels, the truck is a state-of-the-art EV with steer-by-wire and brake-by-wire technology.

It has either dual or rear motor configurations, up to 600 horsepower and 550 lb-ft of torque (with the dual motors), and a 200+ mile range. The maximum payload is rated at 1,800 pounds. Its dimensions are quite compact as well. The wheelbase measures 112.2 inches and the overall length is 184 inches (213 inches with the bed extension). Width and height come to 78 inches and 82 inches (with the roof rack), respectively. To compare, the R1T has a 135-inch wheelbase and is 217 inches long, 79 inches wide, and 72 inches tall.

Canoo says final specs and pricing will be revealed closer to production.