Pioneering US-based Canoo Inc’s versatile electric vehicle experience arrives at Bicester Motion

Canoo Inc, a US-based company which has created revolutionary multi-purpose platforms and digital ecosystems that are transforming the automotive industry for the entire vehicle lifecycle, has selected Bicester Motion, the 444-acre future mobility estate in Bicester, Oxfordshire, as its UK commercial operations and activation centre.

Canoo was established in 2017 and has developed breakthrough electric vehicles with pioneering technologies, unique design, and business model that spans multiple owners across the full lifecycle of a vehicle.

Canoo has teams in California, Texas, Oklahoma, and Michigan and supplies large commercial fleets in the US, UK and Middle East with both right-hand and left-hand drive products.

Canoo has leased an office at Bicester Motion for its UK team in Building 108 which totals 486 sq ft (45 sq m) along with vehicle storage facilities in Historit, the on-site managed car storage for historic, classic and modern motorcars and motorcycles, and event activation services at the estate’s Scramble events.

Canoo has partnerships which include the US Postal Service for the purchase of electric vehicles, the US Department of Defense to provide a battery module for advanced testing, and Walmart for 4,500 electric delivery vehicles for last mile deliveries. Canoo has also delivered crew transportation vehicles for NASA’s Artemis Missions.

Canoo recently debuted its right-hand drive commercial vehicles, the 130 and 190 LDVs, and hosted and attended numerous fleet shows and customer test drives on tracks. The UK opening will enable the company to leverage the wide-ranging talent in surrounding Motorsport Valley and focus on the plug-in van grant (PIVG) to drive demand and reach the UK government’s zero-emissions goals. Canoo has recently announced its partnership with The AA in the UK for premium roadside assistance services to commercial and government customers.

Tony Aquila is an American businessman, investor, serial entrepreneur, and inventor associated with 100+ patents in the automotive, aeronautics and cybersecurity sectors and also Canoo’s investor, executive chairman and CEO.

Tony Aquila said: “Canoo’s mission is to bring EVs to everyone. We have chosen Bicester Motion as an iconic automative campus that reflects the company’s spirit of innovation and commitment to sustainability. As a former WWII Royal Air Force base, the decision for Bicester Motion to be our UK centre reflects the long-standing partnership with the United States and UK, a relationship built on shared values, economic collaboration and mutual trust. Through our partnership, we aim to strengthen Canoo’s UK presence while driving forward our mission of delivering sustainable mobility solutions globally.

“This move signifies a pivotal step in Canoo’s global expansion, setting the stage for the company to introduce groundbreaking commercial electric vehicle (EV) solutions to the UK.”

Daniel Geoghegan, chief executive officer, Bicester Motion added: “We warmly welcome and relish the opportunity for technology pioneers to join our community to positively shape the future of mobility. Over the last decade, we have built a world-leading community for more than 50 disruptive mobility leaders, manufacturers, innovators and change-makes who have a shared passion to deliver the mobility solutions we need for tomorrow.

“Canoo shares our vision and we are pleased to provide them with a dedicated centre of excellence from which they can launch their UK operation and establish another international marque at Bicester Motion.”

Bicester Motion will serve as Canoo’s future operations, customer and activation centre to provide a dynamic base for its commercial efforts across the UK and Europe.

ENDS

1. Pioneering US-based Canoo Inc’s versatile electric vehicle experience arrives at Bicester Motion
2. Canoo’s Lifestyle Delivery EV LDV190 vehicle named “Overall Electric Vehicle of the Year” by AutoTech Breakthrough in October 2024

 

For further information, please contact:

Olivia Lane-Nott

Spacecraft Consulting for Bicester Motion

olivia@spacecraftconsulting.com

+44 (0)7968 081 128

For Canoo press: press@canoo.com

For Canoo investor relations: IR@canoo.com

About Bicester Motion

Bicester Motion is a world-leading business community, shaping the future of mobility. It is a globally recognised centre of excellence where like-minded brands can thrive, delivering the solutions that society needs for tomorrow. It is home to over 50 pioneering mobility businesses which collectively contribute in excess of half a billion pounds to the UK economy. Globally, there’s no other location like it, and it won’t stop until it has built the world’s leading mobility technology community.

Companies include NEOM McLaren Electric Racing, Motorsport UK, the governing body of British Motorsport, Polestar’s UK HQ, and record-breaking synthetic fuel manufacturer Zero, amongst many other pioneering specialist brands.

Find out more: www.bicestermotion.com

About Canoo Inc

About Canoo

Founded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward innovative electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Canoo’s platform is purpose-built to maximize the vehicle interior space and is customizable to support a wide range of business and government applications. Headquartered in Justin, Texas, Canoo has teams located in California, Michigan and Oklahoma with world-class vehicle and battery facilities in Oklahoma City. For more information please visit www.canoo.com and investors.canoo.com.

 

Forward-Looking Statements
The information in this press release includes “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,” “forecast,” “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 the Nasdaq Listing standards. These statements are based on various assumptions, whether or not identified in this press release, and on 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 must not be relied on 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 the control of Canoo. 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, via 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 adoption of Canoo’s offerings; risks related to Canoo’s go-to-market strategy and manufacturing strategy; the effects of competition on Canoo’s future business, and those 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 the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained 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 specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.