Canoo (GEOV) was brought to the market by Hennessey Capital and is now available for investors to invest.
Canoo, Inc. manufactures electric vehicles. It designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. The company was founded in August 2018 and is headquartered in Torrance, CA
Canoo and Apple
According to this article Canoo and Apple are potentially in talks to create an electric vehicle.
Canoo also has connections with Hyundai and Kia, in which Apple invested $3.6 billion dollars to potentially create Apple’s electric vehicle.
Since, Canoo has connections with Hyundai and Kia I think an investment in GOEV and Kia would be a great idea. Canoo is potentially trying to change the game in the electric vehicle space that maximizes interior space and is built for the era of self-driving and completely reimagines how we buy cars, and is pioneering a disruptive subscription model for shared car ownership.
Is Canoo a good buy?
In my opinion, yes. Canoo has all the great connections to be a rival with other electric vehicles such as Tesla, Nio and others. In the distant future, we will be getting closer to self-driving cars, once self driving cars are mainstream there will be people who want self driving cars to drive to their location and drive them to their next stop. Canoo could potentially create and dominate the robo taxi space.