Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded ...

Canoo’s filing in the U.S. Bankruptcy Court for Delaware signals that operations ended Friday and the company’s assets will ...

Canoo, an electric vehicle maker founded in California and once worth $2.4 billion, went bankrupt just months after laying ...

Canoo, which makes pod-shaped electric vehicles, announced Friday that it filed for bankruptcy and ceased operations.

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As more and more drivers around the world invest in electric vehicles, both existing automakers and startups have vied to get ...

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately." The company ...

Back in 2020, electric vehicle maker Canoo snagged a $2.4 billion valuation before it had shipped a single car. Now, just months after yanking its headquarters from Los Angeles County to Texas ...

Canoo's bankruptcy and others like Lordstown Motors before it demonstrate a similar pattern. Fleets should take notice.

Last March, the company also acquired the assets of another failed EV startup, Arrival. At the time, Canoo claimed to have purchased the assets at an 80% discount.

The move comes as the company failed to obtain support from the US Department of Energy's Loan Program Office.