Canoo Inks Landmark Contract with Prime Time Shuttle for Purchase of 550 EVs
High-tech mobility company, Canoo Inc. (Nasdaq: GOEV) has entered a landmark contract with Los Angeles-based Prime Time Shuttle for the purchase of up to 550 electric vehicles. Prime Time Shuttle will purchase the Lifestyle Vehicle Premium model vehicles over a number of years, adding to its fleet of luxury vehicles and airport transportation shuttles that service the Los Angeles metropolitan area.
Tony Aquila, Investor, Executive Chairman and CEO of Canoo, said, “Canoo is passionate about delivering a zero-carbon economy that benefits the environment and communities everywhere. We applaud the state of California for their disciplined approach to zero emissions. I am proud of our sales team for opening a new market for us, and I look forward to the partnership with Prime Time Shuttle.”
Highlights
Rattan Joea, CEO of Prime Time Shuttle, said, “As a pioneer and leader in the luxury and airport transportation niche, we have experience serving passengers and providing value to both our clients and the industry. We’re practitioners of sustainability and have a separate fleet of sustainable vehicles, so Canoo’s LVs fit nicely into our vision of providing differentiated experiences to our clients.”
Prime Time Shuttle operates in 34 states and has had more than 50 million customers and riders since starting in 1984.
The company will use Canoo vehicles as shuttles in the Los Angeles area, with long term plans of integrating EVs to Prime Time markets outside of California.
About Canoo
Canoo’s mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with their pioneering technologies, unique design, and business model that spans multiple owners across the full lifecycle of the vehicle. Canoo designed a modular electric platform that is purpose-built to maximize the vehicle interior space and is customizable for all owners in the vehicle lifecycle, to support a wide range of business and consumer applications.
