Canoo Contracts With Prime Time Shuttle For Up To 550 Electric Vehicles; Prime Time Shuttle Will Purchase The Lifestyle Vehicle Premium Model Vehicles Over Multiple Years
Portfolio Pulse from Benzinga Newsdesk
Canoo has secured a contract with Prime Time Shuttle for the purchase of up to 550 electric vehicles. Prime Time Shuttle will acquire the Lifestyle Vehicle Premium Model over several years to enhance its sustainable fleet.
November 16, 2023 | 5:34 pm
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POSITIVE IMPACT
Canoo's contract with Prime Time Shuttle for up to 550 electric vehicles is likely to increase revenue and enhance the company's market presence in the sustainable transportation sector.
The contract with Prime Time Shuttle represents a significant sales commitment that could lead to increased revenue for Canoo over the coming years. This deal also reflects positively on Canoo's product acceptance in the market and could potentially attract more customers, thereby boosting investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100