Retail Tech: Walmart Orders 4,500 Last-Mile EVs, Klarna Valuation Drops 85%

“We’re thrilled to continue diversifying our last mile delivery fleet with Canoo’s unique and sustainably focused all-electric technology which will provide our associates with safe, ergonomic delivery vehicles,” said David Guggina, senior vice president of innovation and automation, Walmart U.S. in a statement. “Today, the closest Walmart to customers is right in their pockets—it’s the Walmart app. By continuing to expand our last-mile delivery fleet in a sustainable way, we’re able to provide customers and Walmart+ members with even more access to same-day deliveries while keeping costs low.”

Walmart is purchasing 4,500 all-electric delivery vehicles from Canoo to expand its last-mile delivery fleet. The retail giant has the option to purchase up to 10,000 units. Financial terms of the transaction were not disclosed. The vehicles will be used to deliver online orders and will help contribute to Walmart’s goal to achieve zero-emissions by 2040.

For the first batch, Walmart is ordering Canoo’s Lifestyle Delivery Vehicles (LDVs), which are specifically designed for small package delivery. The LDVs are expected to be deployed in 2023, the companies plan to kick off advanced deliveries to refine and finalize vehicle configuration in the Dallas-Fort Worth metropolitan area in the coming weeks.

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