The US Military Is Buying A Canoo EV

Industry News / 17 Comments

Just days ago, Walmart ordered 4,500 of them.

The US Army is currently on an EV spending spree. Earlier today, we announced that the Army asked General Motors to provide a Hummer-based EV for analysis and demonstration. This follows a November 2021 report stating that the US Army was very excited about GM Defense's electric Light Reconnaissance Vehicle.

Being impressed and asking for a vehicle for analysis are two different things. The latter is the first step in an EV officially joining the Department of Defense's fleet.

As it turns out, GM wasn't the only manufacturer awarded this honor. The US Army also asked Canoo to provide a vehicle that will be analyzed for use in operational and garrison environments.

Canoo

Until recently, Canoo was an obscure American-based EV outfit producing seemingly anime-inspired vehicles but this has changed. Canoo's stock price soared by 53% in a single day after Walmart announced that it bought 4,500 Canoo Lifestyle Delivery vehicles for last-mile deliveries. The interest expressed by the US Army will likely elevate the stock price even further.

"As an American company based in the heartland, it is an honor to be selected by the US Army," said Tony Aquila, investor, chairman, and CEO at Canoo. "This is another opportunity to prove our proprietary technology - which is customizable and adaptable for multiple use cases and special environments."

Canoo

Canoo's multi-purpose platform was also recently selected by NASA for crew vehicles to deliver astronauts to the Artemis launch site for lunar missions to establish the first long-term presence on the moon.

According to the Award Notice, the Army spent $67,500 on a Canoo, indicating what the Lifestyle Vehicle may sell for to the public.

There are bound to be several jokes about the Canoo joining the Army. Why would you send in troops when you can send in one of these, which will see the enemy dying of laughter? It is, however, essential to remember that the Canoo will likely serve as permanent or semi-permanent military structure personnel transport.

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