Electric vehicle maker Canoo said Wednesday it has delivered four of its Lifestyle Delivery Vehicles to Zeeba, a national fleet management company.
The delivery is part of an agreement with Los Angeles-based Zeeba announced in October of 2022 for a total of 5,450 vehicles with a commitment of 3,000 of Canoo's LDV's for Zeeba's fleet.
"With over 1,000 clients waiting for Canoo vehicles, we are thrilled to welcome an innovative line of EVs into our fleet," Zeeba's Chief Executive Officer Kayvon Marash said in a statement.
Canoo, which has manufacturing operations in Oklahoma, said recently it delivered an unspecified number of vehicles to Utah-based Kingbee Vans -- a work-ready van rental company. Canoo also has delivered three vehicles to the State of Oklahoma.
Tony Aquila, Canoo's executive chairman and CEO, has said Canoo has an order book valued at more than $3 billion, with large scale customers that include Walmart, Kingbee and Zeeba. Canoo has yet to post a profitable quarter or meaningful revenue and has been burning through cash as it tries to bring its vehicles to market at scale.
Shares of Canoo rose 2 cents to close at 20 cents per share.