Canoo Inc. (Nasdaq: GOEV), a U.S. company developing breakthrough electric vehicles (EVs), is partnering with the University of Wisconsin-Madison to accelerate advances in EV technologies while lowering the overall cost of owning an EV. The two organisations have signed a memorandum of understanding through which they will collaborate toward the development of a Canoo research center at UW-Madison.
The center will advance research in electric propulsion technologies with a goal of increasing electric vehicle utility while reducing burdens on finite natural resources. The partnership intends to create a leading pipeline for propulsion technology as well as on and off-grid operations.
Canoo will also develop a talent pipeline through internships and other opportunities for undergraduate and graduate students that will focus on real-world research and technology development.
Canoo Chairman and CEO Tony Aquila, says: “We are launching a multi-university research and development program designed to further critical research and catalyze innovation to support the manufacture of electric vehicles. This program will enhance U.S. competitiveness and benefit the entire industry while simultaneously advancing our IP. We are committed to our first research center with UW-Madison to drive groundbreaking advances in electric vehicles—advances that enable us to execute on our mission to bring EVs to everyone.”
UW-Madison Chancellor, Rebecca Blank, says the partnership underscores the benefits of tapping talent at a world-class research university: “I’m delighted to welcome this partnership with Canoo. In recent years, a number of industry partners have opened research centers on campus and nearby in Madison,” she says. “This new model allows for greater engagement with students, stronger connections to leading faculty and cutting-edge research, and access to state-of-the-art university equipment and resources.”
University of Wisconsin System President, Tommy G. Thompson, adds: “The UW System is the state’s largest economic engine and the agreement marks another great opportunity to use UW-Madison’s world-class research to drive innovation that changes lives for the better,” he says. “I am pleased to have facilitated this partnership with Canoo.”
Totalling more than 400 employees from leading technology and automotive companies, Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses.
Keyword: Canoo & University of Wisconsin-Madison Partner on Next-Gen EV Technologies