Canoo: Everything We Know About the Lifestyle Van, Future Vehicles, and Company
Started as Evelozcity in 2017, Canoo had that feeling of vaporware at its start, but now the brand looks more serious with its vehicle production plans.It was quite the exciting time when Canoo first came out with its Lifestyle Vehicle, designed off the original idea of the Volkswagen Bus and other classic forward control vans and pickups, but with a modernized electrified power plant. However, its goals were quite stratospheric with plans for vehicle "tops" that could be changed over when an owner wanted to—including second owners and beyond—while keeping the skateboard platform the same. While that idea remains,Canoo now looks more like a serious company, becoming publicly traded, forming a partnership with Panasonic for battery cells, and debuting two production-ready examples near their future plant in Pryor, Oklahoma.
A New Path to a New Type of Vehicle Ownership Model
Before it was Canoo, Evelozcity launched in 2017 with Stefan Krause—who was formerly the CFO of Deutsche Bank—and Ulrich Kranz—a senior executive at BMW—heading the company after a falling out with their former employer, Faraday Future. With both men and several Faraday Future, Tesla, and BMW employees coming on board, Evelozcity formed and billed itself as a new form of vehicle ownership.
They declared they could change it in two ways thanks to using its skateboard platform with "vehicle top hats" that would replace traditional bodies and vehicle structure. First, it would allow owners, from the first to the last, to change the vehicle body and interior design to suit their individual needs. From the delivery driver to the overlanding camper to the hunter that needed a truck, the body and its interior would change as needed. Secondly, instead of simply owning the vehicle, the driver would be on a subscription-based model, with the goal of freeing "customers from the shackles of vehicle ownership" through a "hassle- and commitment-free EV subscription for one monthly, affordable price and with no set end date."
Major Company Changes Came Quickly
Just after the start of 2019, major changes were underway. In March the company was renamed Canoo, and by September their first prototype was unveiled. February 2020, Hyundai announced that it was partnering with Canoo in the joint development of the skateboard platform for both Canoo and Hyundai vehicles. July of 2020 saw Krause leave Canoo and, in September, Canoo began its merger with Hennessy Capital Acquisition Corp IV which was completed in December and listed on NASDAQ under GOEV. At the same time, Canoo introduced a new prototype, the Multi-Purpose Delivery Vehicle (MPDV).











