About Canoo
Canoo is a company based in Torrance (United States) founded in 2017 by Karl-Thomas Neumann and Ulrich Kranz.. Canoo operates in a competitive market with competitors including NIO, Autonomy, Tesla, Fisker and Arrival, among others.
- Headquarter Torrance, United States
- Founders Karl-Thomas Neumann, Ulrich Kranz
- Stage Public
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Sectors
Transportation, Automotive & LogisticsTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Canoo Inc.
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Annual Revenue
$886 K0as on Dec 31, 2023
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Net Profit
$-302.02 M38.07as on Dec 31, 2023
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EBITDA
$-253.98 M48.47as on Dec 31, 2023
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Latest Funding Round
$45 M (USD), Post-IPO
Oct 02, 2023
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Investors
Yageo Corporation
& 1 more
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Employee Count
Employee Count
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IPO & Listings of Canoo
Canoo is a publicly listed company on the OTC with ticker symbol GOEVQ in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Canoo
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $45.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Post-IPO - Canoo | Valuation |
investors |
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| Aug, 2020 | Amount | Post-IPO - Canoo | Valuation |
investors |
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| Apr, 2020 | Amount | Debt – Conventional - Canoo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Canoo
Canoo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Yageo Corporation and Small Business Administration. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Manufacturer of electronics components
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Founded Year | Domain | Location | |
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Financial assistance and development resources are provided to small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Canoo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Canoo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canoo Comparisons
Competitors of Canoo
Canoo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NIO, Autonomy, Tesla, Fisker and Arrival, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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| domain | founded_year | HQ Location |
Electric car subscriptions are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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| domain | founded_year | HQ Location |
SaaS management solutions for EV charging operators are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Canoo
Frequently Asked Questions about Canoo
When was Canoo founded?
Canoo was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Canoo located?
Canoo is headquartered in Torrance, United States. It is registered at Torrance, California, United States.
Who is the current CEO of Canoo?
Ulrich Kranz is the current CEO of Canoo. They have also founded this company.
What is the annual revenue of Canoo?
Annual revenue of Canoo is $886K as on Dec 31, 2023.
What does Canoo do?
Canoo was founded in 2017 and is headquartered in Torrance, United States. Electric vehicles in diverse categories, including lifestyle vehicles, multi-purpose delivery vehicles, pickup trucks, and passenger cars, are designed and developed by the company. Operations center on the electric vehicle sector, with emphasis placed on engineering and production processes to support various mobility needs.
Is Canoo publicly traded?
Yes, Canoo is publicly traded on OTC under the ticker symbol GOEVQ.
Who are Canoo's investors?
Canoo has 2 investors. Key investors include Yageo Corporation, and Small Business Administration.
What is Canoo's ticker symbol?
The ticker symbol of Canoo is GOEVQ on OTC.
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