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Schindler Elevator Deploying Canoo EVs

1 min read

Schindler Elevator Corporation plans to deploy 50 electric lifestyle delivery vehicles produced by Canoo Inc., an electric vehicle startup with operations in northwest Arkansas. 

Schindler (OTC: SHLRF) will implement the vehicles via its Fleet Management Company. Schindler Elevator Corporation is part of the Switzerland-based Schindler Group, also a manufacturer of elevators, escalators and related mobility solutions. The 2023 Canoo Lifestyle Delivery Vehicles will be upfitted for use by Schindler technicians, the two companies said in a news release. 

“We understand that companies like ours play a crucial role around climate change,” Ray Bisson, the CEO for Schindler’s U.S. operations, said in the news release. “Deploying these vehicles brings us one step closer to a low carbon future.” 

Canoo (Nasdaq: GOEV) announced last year plans to move its headquarters and some of its manufacturing to Bentonville. It also has operations in Texas, Oklahoma, Michigan and California, according to the company’s website.

In February, the EV-maker announced an agreement to sell $52.5 million worth of discounted stock to raise money after burning through significant cash reserves. 

Schindler and Canoo did not disclose any financials surrounding the elevator company’s plans to use the electric vans. Schindler plans to achieve net-zero emissions by 2040, the company said. 

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