Walmart is buying 4,500 EVs from Canoo to enhance last-mile delivery

Walmart has agreed to purchase 4,500 all-electric vehicles from Canoo, starting with the lifestyle delivery vehicle (LDV). The agreement also states that Walmart has the potential to purchase up to 10,000 more units. The cars will be used to transport online orders in a sustainable way, helping Walmart reach its target of zero emissions by 2040.

Walmart hopes to have LDVs on the road by 2023. In the upcoming weeks, the companies intend to begin advanced deliveries in the Dallas-Fort Worth area to fine-tune and complete the vehicle design.

The LDV is designed for quick vehicle-to-door drop-offs and frequent stop-and-go deliveries, including groceries. Walmart employees will use Canoo’s electric trucks to deliver internet orders. Walmart GoLocal, the retailer’s delivery-as-a-service venture, might also use the trucks.

“We are proud to have been selected by Walmart, one of the most sophisticated buyers in the world, to provide our high-tech, all-electric, American made Lifestyle Delivery Vehicle to add to their impressive logistics capabilities. Our LDV has the turning radius of a small passenger vehicle on a parking friendly, compact footprint, yet the payload and cargo space of a commercial delivery vehicle. This is the winning algorithm to seriously compete in the last mile delivery race, globally,” said Tony Aquila, Investor, Chairman and CEO of Canoo.