Canoo, an electric vehicle manufacturer, has recently made a momentous declaration of expanding its mission of providing delivery vehicles to Walmart and other customers. The firm, which started its vehicle testing phase in collaboration with Walmart at the end of last year, raised funds by selling newly issued shares to institutional investors through a direct offering. The deal yielded Canoo $52.5 million, although the identities of the investors remain undisclosed. However, the recent move has not been well received by investors, causing the value of their current holdings to be diluted. In the past year, Canoo’s shares have plummeted by … Continue reading Walmart Partners With Canoo For Electric Vehicle Delivery