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4 Things You Didn't Know About Canoo

TheMotleyFool

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If you have an interest in electric vehicles (EVs), you may be trying to keep up with the barrage of SPAC deals that dominated the headlines in 2020. If you think some flew under your radar, it's understandable. According to the website SPAC Insider, there were 248 companies that went public via the SPAC route in 2020, a 320% increase over the 59 deals in 2019 -- and another 85 so far in 2021.

So let's pump the brakes and take a closer look at Canoo (NASDAQ: GOEV), an EV company that debuted on the public market in late 2020 and has been off to the races this year, climbing 12% while the S&P 500 has inched only 0.8% higher.

Image source: Getty Images.

Source Fool.com

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