Canoo Selects Google Cloud Technologies to Maximize its Data
Company to leverage Google Cloud’s data, analytics, and AI capabilities as it prepares to mass manufacture its electric vehicles
Sunnyvale, CA – (August 29, 2023) – Google Cloud today announced that Canoo Technologies (NASDAQ: GOEV), a leading high-tech advanced mobility company, has selected Google Cloud as its primary cloud service provider. Canoo will deploy a range of Google Cloud’s AI, data management, and security technologies to maximize the value of the data coming from its electric vehicles as the company prepares to start mass manufacturing. Canoo has also selected Onix as an implementation partner to help optimize Canoo's manufacturing processes, enhance existing features, and empower development of new capabilities for its proprietary platform.
“We see a future where mobile transportation, communication, and technology align to make life easier and simpler for those who drive our vehicles,” says Tony Aquila, Chairman and CEO, Canoo. “Our selection of Google Cloud and Onix means we have partners capable of bringing us infrastructure, tools and expertise to realize our vision. We believe that simplicity, seamlessness, connectivity and integrated solutions is the new world for mobile transportation.”
Canoo stands out in the automotive industry, as it has spent years building a vehicle and technical platform from the ground up, owned and controlled by the company. While many other companies integrate thousands of third-party parts into their vehicles, Canoo’s unique manufacturing approach includes acquiring custom and bespoke components from other manufacturers to integrate into a harmonized, Canoo-controlled system. This gives the company more data and insights into its vehicles and data.
Canoo will use Google Cloud’s AI capabilities to surface trend data in vehicle fleets, providing fleet managers with information like whether vehicles need specific repairs, when route changes are happening due to road closures, or where efficiencies to driver schedules can be made.
“Canoo is charting the future of mobility with its forward-looking thinking and boundary-pushing designs,” said Carrie Tharp, VP of Strategic Industries, Google Cloud. “Canoo has a broad and deep view of how technology works and the way it can transform industries.. We’re proud that it sees the same breadth and depth in Google Cloud’s technologies and are excited to see how it capitalizes on the data and AI portfolio we offer.”
“Onix is thrilled to partner with Canoo and Google Cloud to accelerate our aligned mission of delivering sustainable, secure, and innovative solutions. This is a strategic partnership and Onix will support Canoo on this journey by leveraging our Data & AI, and Google Cloud capabilities. We applaud Canoo’s focus on manufacturing in America’s heartland and will support their engagement using our global delivery model and nearshore co-development facility at Canoo’s neighboring locations in Oklahoma with the objective to hire and develop local talent pool,” says Sanjay Singh, Chief Executive Officer of Onix.
Canoo’s selection of Google Cloud’s technology was based on a variety of factors, but importantly came down to its ability to practically deploy innovative AI tools, and Google Cloud’s expertise in helping companies maximize the value of their data. In addition, Google Cloud’s commitment to data sovereignty, security, and sustainability closely aligned with Canoo’s needs and values.
Canoo and Google Cloud plan to further discuss their partnership at Google Cloud Next, held at the Moscone Center in San Francisco, Calif., from Aug. 29-31, 2023. Conference attendees will also have a special opportunity to experience Canoo’s electric vehicle in person.
About Canoo
Canoo's mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with their pioneering technologies, unique design, and business model that spans multiple owners across the full lifecycle of the vehicle. Canoo designed a modular electric platform that is purpose-built to maximize the vehicle interior space and is customizable for all owners in the vehicle lifecycle, to support a wide range of business and consumer applications. Canoo has teams in California, Texas, Michigan, Oklahoma, and Arkansas.
Canoo has teams in California, Texas, Michigan, Oklahoma, and Arkansas. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit investors.canoo.com.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, expectations and timing related to commercial product launches, and the achievement of operational milestones, including the ability to meet and/or accelerate anticipated production timelines, Canoo's ability to capitalize on commercial opportunities, current or anticipated customer orders, and expectations regarding the development of facilities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo’s ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy and manufacturing strategy; the effects of competition on Canoo's future business, and those factors discussed under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 30, 2023, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo’s expectations, plans, or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo’s assessments to change.
However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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