Justin, Texas-based electric vehicle startup Canoo announced Friday it had begun bankruptcy proceedings and ceased operations ...
The move comes as the company failed to obtain support from the US Department of Energy's Loan Program Office.
Electric vehicle start-up Canoo has declared bankruptcy and will cease operations immediately, seven years after its launch.
The company had been in talks for the same kind of loan from the Biden administration that Rivian was just awarded, only to ...
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately." The company ...
Canoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware.
In late December, when TechCrunch reported that EV startup Canoo had just $700K in the bank and was putting its staff on a ...
Electric van startup Canoo announced it has filed a voluntary petition for Chapter 7 bankruptcy, which will liquidate company ...
Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately. The EV startup has ...
EV startups are dying left and right, with Canoo the latest to file for bankruptcy after struggling to stay afloat in harsh ...
The startup, founded in 2017 and focusing on electric commercial vehicles, has run out of money, ceasing operations and beginning plans to liquidate its assets.
Despite orders from Walmart and NASA, the futuristic EV van startup struggled to get production rolling in Oklahoma.