How it started
Origins as Evelozcity
Canoo was founded in 2017 under the name Evelozcity by Stefan Krause and Ulrich Kranz. Krause worked for Deutsche Bank as its chief financial officer while Kranz worked for BMW as a senior executive. Both men had met at rival EV company Faraday Future before leaving together to form their own company in 2017, due to disagreement with Faraday Future's leadership. Krause took on the role of chief executive officer at Evelozcity, and Kranz became chief technology officer. The company received its primary funding from Chinese investor Li Pak-tam and German entrepreneur David Stern.
In April 2018, Evelozcity Canoo hired Karl-Thomas Neumann, the former head of Opel, as a senior executive.
Renamed to Canoo
In March 2019 Evelozcity was renamed Canoo. In July 2019, Neumann left Canoo, but he remained an investor in the company.
In September 2019, the company presented its first vehicle prototype, the electric van Canoo, which was later renamed to the Canoo Lifestyle Vehicle.
From Wikipedia’s article on Canoo, shared under CC BY-SA 4.0.3