When electric vehicle company Canoo was facing a cash crunch this summer, Walmart offered a lifeline in the form of a direct investment as well as a contract to purchase several thousand of the company’s cars.
The ties between Walmart and Canoo appear to go deeper, however, in light of financial ties between one of Walmart’s largest shareholders, Alice Walton—daughter of the late Walmart founder Sam Walton—and Canoo’s chief executive, Tony Aquila.
