Canoo’s Electric Fleet Piloted by Red Sea Global

Innovative EVs Enter Pilot Program for Eco-Tourism

Canoo Inc., a trailblazer in the advanced mobility sector, has recently unveiled that its lineup of electric vehicles (EVs) will be trialed by Red Sea Global (RSG), the mastermind behind the eco-conscious tourism hubs, The Red Sea and AMAALA.

The pilot program will incorporate Canoo’s Lifestyle Vehicle (LV), Lifestyle Delivery Vehicle (LDV) 190, and the Bulldog pickup truck. These vehicles will operate within the ecosystem of RSG, connecting the international airport, various resorts, and excursion sites. This collaboration aims to customize Canoo’s emission-free vehicles to the specific transport requirements and mobility patterns of RSG.

Canoo’s LV is slated to serve as a shuttle for guests between Red Sea International Airport and resort locales, while the LDV 190 is intended to streamline luggage transportation. The robust Bulldog pickup is designed to meet RSG’s excursion companies’ needs, facilitating guest travel to adventure sites.

“Red Sea Global exemplifies the Crown Prince’s Vision 2030 by fostering economic diversification through environmentally responsible initiatives. The rapid progression of this resort is transforming the Kingdom and showcasing the splendor of the Red Sea,” expressed Tony Aquila, Investor, Executive Chairman, and CEO of Canoo. “We are thrilled to bring our Red Sea edition pilot vehicles to this significant region.”

John Pagano, Group CEO at Red Sea Global, highlighted the importance of innovative partnerships in achieving their regenerative tourism goals, praising Canoo for their pioneering role in sustainable mobility solutions.

About Canoo

Canoo Inc. is on a mission to make electric vehicles accessible to everyone. The company has developed cutting-edge EVs that revolutionize the automotive industry with advanced technologies, distinctive designs, and a unique business model that benefits multiple owners throughout the vehicle’s lifecycle. Canoo’s modular electric platform is engineered to optimize interior space and adapt to a broad spectrum of commercial and personal uses. With teams across California, Texas, Oklahoma, and Michigan, Canoo continues to push the boundaries of automotive innovation.

About Red Sea Global

Owned entirely by Saudi Arabia’s Public Investment Fund, Red Sea Global is a comprehensive real estate firm involved in various sectors, including tourism, residential, and healthcare. It is the driving force behind luxury sustainable destinations such as The Red Sea, now operational, and AMAALA, set to open in 2025. Committed to sustainable progress, RSG’s ventures are pivotal to the Kingdom’s Vision 2030, aiming to set a global benchmark for responsible development and conservation.

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Forward-Looking Statements

This announcement contains forward-looking statements that involve inherent uncertainties. These statements reflect the company’s current views with respect to future events, based on assumptions and subject to risks and uncertainties. Given these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.

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