Canoo is an early-stage electric vehicle manufacturer focused on commercial fleet, government, and military customers. Canoo's current production vehicles are the Lifestyle Delivery Vehicle (LDV) 130 and LDV 190 — compact electric cargo vans designed for last-mile delivery — built on Canoo's proprietary Multi-Purpose Platform (MPP-1), a flat, modular EV chassis. The MPP-1 is Canoo's core asset: it allows Canoo to build different vehicle types by swapping body cabins on the same underlying chassis, which Canoo argues reduces R&D and tooling costs for each new vehicle derivative. Key customers include Walmart, the U.S. Postal Service, NASA, the U.S. Army, and the State of Oklahoma. Canoo sells directly to fleet and government buyers on multi-year purchase agreements, without a dealer network. Beyond vehicle sales, Canoo's business model includes upfitting and accessories, battery module sales to third parties including the Department of Defense, and fleet management software — though none of these are yet material revenue contributors. Canoo's manufacturing strategy avoids building large factory capacity ahead of demand, instead scaling in discrete increments tied to confirmed orders. Canoo has also acquired manufacturing equipment from distressed EV competitors at steep discounts to reduce required capital expenditures. As of FY23, Canoo had delivered just 22 vehicles, with production ramping at its Oklahoma City assembly facility.