Canoo LDV 190 Named “Overall Electric Vehicle of the Year” by AutoTech Breakthrough

Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that its Lifestyle Delivery Vehicle 190 (LDV 190) has won the “Overall Electric Vehicle of the Year” award by AutoTech Breakthrough Awards. Canoo is widely known for its innovative approach to commercial electric vehicle design, seamlessly integrating a sleek, minimalistic shape with advanced technology and versatility.

The “Overall Electric Vehicle of the Year” accolade acknowledges the LDV 190 for its groundbreaking performance, outstanding range, advanced safety features and sleek design that sets it apart. The AutoTech Breakthrough Awards recognizes the best companies, products and innovations across the global automotive and transportation industry. This year’s program attracted thousands of nominations from all over the world.

Designed with the lowest and flattest platform in the industry, the LDV 190 offers superior maneuverability and flexibility, making it an ideal solution for urban delivery, mobile businesses and a variety of large commercial and government fleet customers globally. Canoo’s focus on sustainability is reflected in the LDV 190, utilizing eco-friendly materials while delivering the longest range in the Class 2 segment.

The LDV 190 offers an EPA estimated range of 200 miles, reducing downtime and boosting productivity. Equipped with advanced driver-assistance systems (ADAS), real-time data analytics and over-the-air software updates, it ensures continuous improvements in safety, efficiency and functionality, keeping the vehicle at the forefront of innovation.

Earlier this year, the United States Postal Service (USPS) became the first recipient of Canoo's LDV 190 with the purchase and deployment of six of these vehicle variants for postal delivery, leveraging its steer-by-wire system to develop right-hand drive (RHD) variants of the LDV 190 to enhance USPS operations.

This award represents a pivotal achievement in Canoo’s journey as it continues to expand its presence in the global EV market. The company remains committed to driving innovation and providing consumers with sustainable transportation solutions that do not compromise on performance.

About CanooFounded 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.

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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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00c68f4c-878c-479b-8589-81f634afedfa