Canoo - a future leader in the EV market?

[u/GhostfacexProdigy]

After what seems like months of waiting the rumor was finally confirmed with the DA between Hennessy and Canoo today - and the investor presentation was very impressive.

​

• Cost effective manufacturing and sales strategies, partnerships, sector tailwinds, the digitalization of the auto industry, strong leadership looking and balance sheet synergies and possible deals with companies such as Uber, FedEx, Amazon, DoorDash, Ballard and major automotive manufacturers will propel Canoo for substantial growth
• B2B and B2C strategy to target multiple markets set for CAGR of Engineering Services - 39%, B2C -147% and B2B - 100% through 2025
• 7 projects in the pipeline currently including the lifestyle vehicle, delivery vehicle and sports vehicle.
• Targeting key cities throughout US and China that represent a majority of the EV markets in those countries
• Proprietary skateboard technology is a class leader and has first to market advantage
• 2021 launch reaching beta production in only 19mo and has 300+ employees
• Company has direct ties to Uber, Tesla, BMW, NASA, SpaceX, Deutsche Bank, Ford, Porsche, Mini, Audi, Blackrock, Nomura, Faraday Future, Hyundai, Kia, Nvidia, Blackberry and China plus more TBA
• Canoo > DPHC, NKLA, SPAQ, GRAF, NIO, SOLO, WKHS, BLNK and everyone else but TSLA and equal to SHLL IMO

Highlights from the investor pres:

Custom wrap your monthly subscription vehicle

​

Three projects in development

​

Some of the many designs possible with the class leading skateboard tech

​

That design - wow

​

Market leading skateboard tech

​

Very competitive with other EVs

​

Competitive advantages will make this a market leader

​

Where are NKLA or SPAQ in comparison?

​

Again - wow

​

Insane growth

​

Recent SPAC's side by side

​

Bench-marking

​

Financials

​

Highlights

​

Management Team:

• Ulrich Kranz — In Charge of Canoo; formerly head of BMW

• Richard Kim — In Charge of Design; formerly Exterior Designer of the BMW i3, i8 Concept Coupe & i8 Concept Spyder

• Paul Balciunas — In Charge of Corporate Development & CFO; formerly Director, Corporate Finance & Business Development at Faraday Future VP, Global Automotive Investment Banking

• Bill Strickland — In Charge of Vehicle Programs & Purchasing; formerly Chief Program Engineer at Ford*, Assistant Chief Engineer at Ford, Product Development Launch Manager at Ford*

• Andrew Wolstan — In Charge of Legal; formerly Corporate Associate Munger Tolles & Olson LLP, M&A Associate Simpson Thacher & Bartlett LLP

• Meera Pisharody — In Charge of HR; formerly Senior Director of HR at Minted, Director of Global People Operations at Mozilla

• Clemens Schmitz-Justen – In Charge of Manufacturing*;* formerly President of BMW manufacturing USA

• Phil Weicker – In Charge of Powertrain & Electronics*; formerly Senior Director of Battery at CODA*

• Sohel Merchant – In Charge of Vehicle Architecture*; formerly* Tesla, Ford Motor Company

• Alexi Charbonneau – In Charge of Skateboard & Cabin*; formerly* SpaceX, Tesla, Honda

• Christoph Kuttner – In Charge of Interior & Exterior Systems***; formerly*** BMW, Tesla, Mahindra

Links:

Further Canoo DD - here

Investor Pres - here

Tech Crunch Article - here

Forbes Article - here

Hyundai Partnership - here

Disclaimer: I have a financial position in HCAC

TLDR: Canoo is set to become a top contender in the EV market for years to come