Earlier this year, electric vehicle startup Canoo warned it was running low on cash. Since then, the company’s prospects have taken a turn for the better. Over the span of two days in July, Canoo announced separate agreements to provide Walmart with 4,500 EVs and the US Army with a test vehicle. This week, the company shared an update on its Pentagon contract, announcing it had delivered a prototype of its new Light Tactical Vehicle to the army.
The LTV looks like a modified version of Canoo’s pickup truck. According to the company, it incorporated carbon Kevlar to make the vehicle more durable without increasing its weight. The LTV can be converted from a pickup to a flatbed truck, allowing it to carry construction material and tactical equipment. It even includes a stealth configuration. Canoo says the all-wheel drive LTV can produce up to 600 horsepower. It also features air springs, a raised suspension system and 32-inch tires to make it fit for traversing difficult terrain.
The US military is among the biggest polluters on the planet. It has a larger carbon footprint than about 140 nations, including first-world countries like Sweden and Denmark. At the start of 2022, the Defense Department announced a net-zero emissions plan that, among other tactics, called for the army to electrify its combat and support vehicles. While there's no guarantee Canoo will be part of that initiative, securing the US Army as a customer would be a significant boon for the startup.