Automobiles

Apple Wanted To Acquire EV Start-Up Canoo

Canoo shouldn’t be the one startup Apple has acquired for its electrical driverless automobile enterprise – it acquired Drive.AI in 2019.


Apple has been ramping up its self driving car venture aggressively in the last couple of months
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Apple has been ramping up its self driving automobile enterprise aggressively within the final couple of months

A report by the Verge has revealed that Apple was in talks with EV start-up Canoo for an acquisition or a strategic funding within the first half of 2020. Apple reportedly was keen on Canoo’s distinctive drivetrain which has a scalable skateboard. Apple most likely was within the start-up due to “Project Titan” which has been bandied because the Apple Car undertaking. Canoo’s skateboard integrates extra of the automobile’s electronics and in addition has steer-by-wire expertise which permits for flexibility within the inside design of the automobile. Apple has reportedly been creating a automobile which might be meant for autonomous passive transportation. 

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Canoo Electric Van

Apple was reportedly keen on buying the corporate whereas Canoo wished extra of an funding. Both the businesses stopped negotiations when Canoo entered the NASDAQ in December. Canoo’s government chairman Tony Aquila refused to debate the startup methods in a press release to the Verge. 

This information comes at a time when Apple has reportedly inked a cope with Hyundai to fabricate the Apple Car. Canoo shouldn’t be the one startup Apple has acquired for its electrical driverless automobile enterprise – it acquired Drive.AI in 2019. Apple has additionally poached many engineers and senior executives from Tesla for a similar. 

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While there’s plenty of chatter going in regards to the Apple Car it might be round 5-6 years away from coming to fruition. 

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