Canoe Inc. Inks Deal with Go2 Delivery for Sustainable Logistics SolutionsCanoe Inc. Inks Deal with Go2 Delivery for Sustainable Logistics Solutions JUSTIN, Texas, July 3, 2024 (GLOBE NEWSWIRE) – Canoe Inc. (Nasdaq: GOEV), a leading electric vehicle (EV) manufacturer, has announced a significant partnership with Go2 Delivery, a provider of environmentally friendly logistics services. Go2 Delivery has agreed to purchase five of Canoe’s popular Class 1 Lifestyle Delivery Vehicle 130 (LDV130) EVs, with an option to acquire up to 85 additional vehicles in the future. This acquisition aligns with Go2 Delivery’s goal of becoming a zero-carbon logistics company and meeting the growing demand for sustainable transportation solutions. Benefits of Canoe’s LDV130 for Go2 Delivery Canoe’s LDV130s provide Go2 Delivery with several advantages: * Environmental sustainability: The vehicles are fully electric, eliminating tailpipe emissions and reducing the company’s carbon footprint. * Range and reliability: The LDVs offer ample range and reliable performance, meeting the rigorous demands of last-mile delivery operations. * Cargo space and versatility: The vehicles feature a spacious cargo area, allowing Go2 Delivery to transport a wide range of items efficiently. * Durability and configuration: The LDVs are designed to withstand the challenges of commercial use, and their configurable interior meets the specific needs of Go2 Delivery’s operations. Go2 Delivery’s Commitment to Sustainability Go2 Delivery is committed to sustainable practices and reducing its environmental impact. The company’s same-day courier and last-mile delivery services are focused on retail, healthcare, and e-commerce customers in the Virginia and Chesapeake Bay region. By incorporating Canoe’s LDVs into its fleet, Go2 Delivery aims to: * Improve operational efficiency * Enhance customer satisfaction with eco-friendly deliveries * Significantly reduce greenhouse gas emissions Conclusion The partnership between Canoe Inc. and Go2 Delivery represents a significant step towards sustainable logistics and the growing adoption of EVs in commercial operations. Canoe’s LDV130s provide Go2 Delivery with the necessary tools to meet the challenges of last-mile delivery while reducing their environmental impact. This collaboration demonstrates the vital role that EVs can play in creating a more sustainable and efficient transportation network.
JUSTIN, Texas, July 3, 2024 (GLOBE NEWSWIRE) — Canoe Inc. (Nasdaq: GOEV), a high-tech, advanced mobility company, today announced that Go2 Delivery, a provider of sustainable logistics solutions, has signed a definitive agreement to purchase five fully electric commercial delivery vehicles with an option to purchase up to 85 additional vehicles. Go2 Delivery will integrate Canoo’s popular Class 1 Lifestyle Delivery Vehicle 130 (LDV130) into their delivery fleet to improve operational efficiency, provide eco-friendly deliveries for their customers and significantly reduce their environmental impact.
The company selected Canoo’s LDVs to accelerate its journey to become a leading zero-carbon logistics company, meeting the last-mile and other transportation needs of its customers in Virginia and the Chesapeake Bay region.
Canoo’s all-electric LDV130 Lifestyle delivery vehicles offer Go2 Delivery the durability, range, reliability, configuration and load space needed to meet the rigorous demands of its logistics operations.
Go2 Delivery provides same-day courier and last-mile delivery services to B2B and B2C customers in retail, healthcare and e-commerce.
About Go2 Delivery
Go2 Delivery is a carbon-free delivery company built on the 25-year legacy of Mobile One Courier and committed to sustainable practices and restoring the local Chesapeake Bay ecosystem. Rooted in values of innovation, minimalism, and interconnectedness, Go2 Delivery strives to provide exceptional service while actively working toward a greener future. www.go2delivery.com
For more information about GO2 Delivery and its services, please visit https://go2delivery.com.
About Kano
(NASDAQ: GOEV) mission is to make EVs available to everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with their breakthrough technologies, unique design, and business model that embraces multiple owners throughout the vehicle’s lifecycle. Canoo has designed a modular electric platform that is purpose-built to maximize vehicle interior space and is adaptable for all owners throughout the vehicle’s lifecycle, supporting a wide range of business and consumer applications. Canoo has teams in California, Texas, Oklahoma, and Michigan. For more information, visit www.canoo.com And investors.canoo.com.
Forward-looking statements
The information in this press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “predict,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the results and timing of the reverse stock split and the effect the reverse stock split will have on the Company’s ability to regain compliance with Nasdaq Listing standards. These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of Canoo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and should not be relied upon by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond Canoo’s control. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo’s ability to access future capital, whether through debt or equity markets or other sources; the rollout of Canoo’s business and the timing of expected business milestones and commercial launch; future market acceptance of Canoo’s offerings; risks related to Canoo’s go-to-market strategy and manufacturing strategy; the effects of competition on Canoo’s future operations, and the factors discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Canoo’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 1, 2024, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo’s Investors Relations website at investors.canoo.com or the SEC’s website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by these forward-looking statements. There may be additional risks that Canoo is not currently aware of or currently believes to be immaterial, which could also cause actual results to differ materially from those in the forward-looking statements. In addition, forward-looking statements reflect Canoo’s expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo’s assessments to change.
However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo’s judgment as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on the forward-looking statements.
