Canoo (NASDAQ: GOEV) has announced a binding order for 9,300 American-made electric vehicles from Kingbee, a leading national work-ready van rental provider. The new order also includes an option to increase the purchase to 18,600 units. 

Kingbee will upfit, wrap and deliver Canoo vehicles as work-ready fleet solutions for enterprise and small & medium sized business customers across the United States.

Tony Aquila, Chairman & CEO at Canoo stated: "At Canoo, we engineer and design for fleets, enterprises, SMBs and their workforce. This order is yet another key milestone as we allocate production capacity for the coming years.”

Canoo vehicles feature a panoramic front window to improve road visibility. Its light delivery vehicle combines 120 cubic feet of configurable cargo volume with an 80kwh battery pack while providing the handling and turning radius of a small passenger vehicle. The company’s vehicles are American-made commercial EVs built on the company's proprietary multi-purpose platform architecture. Canoo provides most of the vehicle service, maintenance and updates over the air, which decreases vehicle downtime and increases ROI for fleet operators.

Canoo 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.

Shares of Canoo trade on the NASDAQ under the ticker symbol GEOV.