Canoo (GOEV) Jumps Another 29% From Potential Deal With the U.S. Army

Canoo (GOEV) is having a hot week. After soaring 53% on its deal with Walmart, the stock is jumping once again after the Company announced the the U.S. Army will be taking Canoo vans for analysis and demonstration.

The Company has declined to comment on how many vehicles the Army are analyzing.

“As an American company based in the heartland, it is an honor to be selected by the U.S. Army,” said CEO Tony Aquila in a news release. “This is another opportunity to prove our proprietary technology – which is customizable and adaptable for multiple use cases and special environments.”

GOEV is a member of the PRISM EV Index, which is up 2.8% for the day, led by GOEV’s performance.

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 bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle. Distinguished by its experienced team from leading technology and automotive companies – Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space that is customizable across all owners in the vehicle lifecycle to support a wide range of vehicle applications for consumers and businesses.

Canoo has teams in Texas, Oklahoma, Arkansas, Michigan and California. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit investors.canoo.com.

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Canoo (GOEV) Jumps Another 29% From Potential Deal With the U.S. Army

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