Walmart said Tuesday it had signed an agreement to buy 4,500 all-electric delivery vehicles from Canoo, the electric vehicle startup turned SPAC that warned it last quarter. may not have enough money stay in business.
Kanu did not disclose the financial terms of the deal. However, the representative said that these are mandatory pre-orders starting with Canoo’s signature “Lifestyle Delivery Vehicle”. Under the agreement, Walmart has an option to purchase 10,000 units.
Initially, Walmart will use several pre-production electric vehicles to deliver online orders in the Dallas-Fort Worth metro area. Canoo will be using it as a test bed to tweak and refine the car’s configuration in the coming weeks. The Lifestyle Delivery Vehicle, or LDV, is expected to go into production in the fourth quarter of 2022. 2023, according to Kanu.
The Canoo LDV is built on a multi-platform architecture that integrates motors, a battery module and other drive components. Canoo chairman and CEO Tony Aquila, who is also an investor in the company, previously told TechCrunch that the customizable vehicles are ergonomic, roomy – with about 120 cubic feet of cargo space – and more fuel efficient than other delivery vans on the market today thanks to the control technology. by wire, which reduces the number of moving parts and intrusion into the cab. Drivers inside the car will immediately notice the absence of a traditional steering column and a large windshield that provides a wide view.
Canoo’s electric vehicles will be used by Walmart employees to deliver online orders. Electric vehicles could also be used for Walmart GoLocal, a delivery-as-a-service retailer, the companies said.
Canoo is just one potential part of Walmart’s increasingly sophisticated delivery system, which uses independent contractors, in-house employees, third-party delivery services, and more futuristic technology like AV and drones to meet consumers’ need for immediate access to merchandise. Walmart has pilot programs with the launch of AV Gatik to use autonomous vans to deliver goods from fulfillment centers to neighborhood stores. The retail giant also works with Zipline drone companies and Dronap.
Result: Walmart says it can now reach 80% of the US population with same-day delivery of an “expanding range of products.”
The electric car deal comes about eight months after Canoo announced plans to build its headquarters and a cutting-edge industrial facility. in Bentonville, Arkansas is the city most closely associated with Walmart. Its first manufacturing facility, which has yet to launch, is located in Pryor, Oklahoma.
Canoo’s decision to settle in Bentonville is no coincidence. Walmart has long encouraged suppliers, merchants, and even startups it invests in to open a store in Bentonville.
“We are encouraged that by being so close to Canoo’s headquarters, we have the advantage of real-time collaboration and innovation, as well as the opportunity to help create manufacturing and technology jobs here in our home state. Arkansas,” David Guggin, senior vice president of innovation and automation at Walmart US, said in a statement.
Credit: techcrunch.com /