. canoo and Walmart are teaming up a fleet of last-mile delivery vehicles starting next year.
Both companies have signed a definitive agreement for Walmart to purchase 4,500 all-electric delivery vans built on Canoo's Lifestyle Delivery Vehicle platform, with an option for purchase of up to 10,000 vans total, for now. Advance deliveries of the van will be delivered to Walmart for exact configuration refinement in the coming weeks, with the van set to join the retail fleet next year. Canoo's LDV is scheduled to begin production in Q4 of 2022.
The LDV is said to be specifically designed for last-mile delivery utilization with an optimized and customizable cargo area featuring 120 cubic feet of cargo volume. The modular design is meant to be adaptable over time, offering greater value and potential for the fleet vans throughout their lifetime. Canoo previously priced the cargo version of its LDV at $34,750, but it's likely Walmart cut some sort of deal with its bulk purchase.
As part of Walmart's goal to achieve zero emissions by 2040, the company will have Walmart associates drive to deliver online orders, including via Walmart's GoLocal delivery service."Today, the closest Walmart to customers is right in their pockets - it's the Walmart app.
Canoo will build its vans at a manufacturing site in Pryor, Oklahoma, and Canoo's corporate headquarters in Bentonville, Arkansas is not far from Walmart's HQ, easing collaboration and innovation between the two companies going forward, a press release stated. Canoo's other major commitment thus far is
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UPDATE: Canoo shares soar premarket after Walmart orders 4,500 electric delivery vehicles plus option for up to 10,000 moreWalmart Inc. undefined said Tuesday it is purchasing 4,500 all-electric delivery vehicles from Canoo Inc. undefined for use in last-mile delivery. The news...
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