Canoo Clinches Major Contract With Prime Time Shuttle For 550 Electric Vehicles
Portfolio Pulse from Benzinga Neuro
Canoo Inc. (NASDAQ:GOEV) has landed a significant contract with Prime Time Shuttle for the delivery of up to 550 electric vehicles. The Lifestyle Vehicle (LV) Premium model will be incorporated into Prime Time Shuttle's luxury and airport transportation fleets in the Los Angeles area. Prime Time Shuttle, with operations in 34 states and over 50 million customers since 1984, plans to expand the use of electric vehicles beyond California. Canoo's leadership is optimistic about the deal and California's zero-emission goals.
November 17, 2023 | 9:14 am
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Canoo Inc. has secured a contract to supply up to 550 electric vehicles to Prime Time Shuttle, indicating a significant sales achievement and potential revenue growth.
The contract with Prime Time Shuttle represents a substantial sales win for Canoo, likely leading to increased revenue and positive market sentiment in the short term. The deal aligns with the growing demand for electric vehicles and sustainable transportation solutions, which could positively influence investor perception and stock price.
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