Canoo CEO Ulrich Kranz likes to call his EV subscription company’s first model a “spaceship” or a “loft on wheels.” Soon, he expects to have the money needed to build Canoo’s initial model, which looks like a cross between van and a shuttle bus.
“This will be a lifestyle vehicle,” Kranz told CNBC. He said the company, which is merging with a special purpose acquisition company, or SPAC, gives it “a huge opportunity to access the resources and develop our vehicles and bring them to market.”
