Canoo Files for Bankruptcy, Ending Its Dream of Funky EV Vans
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.
US electric van start-up Canoo files for bankruptcy
US electric van manufacturer Canoo has become the latest innovative vehicle start-up to file for bankruptcy after failing to secure vital funding. Canoo had inked deals to sell its pod-like electric van to high-profile customers such as the United States Postal Service (USPS),
Electric vehicle startup Canoo files for bankruptcy, ceases operations
Seven-year-old electric vehicle startup Canoo has filed for Chapter 7 bankruptcy and announced an immediate halt to operations weeks after it furloughed its remaining workers and idled its Oklahoma factory.
Once-Promising Canoo Is The Latest EV Startup To Fall Apart
Canoo was founded in 2017 by two former Faraday Future executives, changing its name from Evelozcity in 2019. That same year, it unveiled its so-called lifestyle vehicle prototype model. It made no revenue in 2022 and almost none in 2023. Development costs kept piling up, with more than $1 billion in loans.
EV company Canoo announces bankruptcy, closure
Canoo filed voluntarily under Chapter 7 of the U.S. Bankruptcy Code, which liquidates the company’s assets and distributes the proceeds to its creditors. It estimates its assets at US$126 million, but it owes more than US$164 million to its creditors.
Canoo files bankruptcy, claiming funding shortfalls
Struggling electric vehicle startup Canoo has filed for bankruptcy and ceased all operations.
EV startup Canoo has filed for bankruptcy
Canoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware. The EV startup estimates in its filing that its assets are worth $126 million and that it owes over $164 million to its creditors, TechCrunch noted yesterday.
EV Maker Canoo Files for Chapter 7 Bankruptcy
Electric van startup Canoo announced it has filed a voluntary petition for Chapter 7 bankruptcy, which will liquidate company assets and distribute proceeds to creditors.
Texas EV startup Canoo files for bankruptcy, ends operations
Not long after moving its headquarters from California to Texas, EV startup Canoo is sinking. The 7-year-old company making pod-shaped electric vehicles announced late last week that it filed for bankruptcy and ceased operations.
Canoo Inc. files for Chapter 7 bankruptcy
Canoo Inc., an automotive company specializing in motor vehicle parts and accessories, has filed for Chapter 7 bankruptcy, according to a recent 8-K filing with the Securities and Exchange Commission.
Canoo Hung on This Long, but Is Now Shutting Down
Despite orders from Walmart and NASA, the futuristic EV van startup struggled to get production rolling in Oklahoma.
Canoo — North Texas-based EV startup with NASA, Walmart partnerships — ceases operations
The boat has sunk for Justin, Texas-based EV startup Canoo. Canoo, the maker of roly poly-looking electric vans and trucks, ...
Canoo capsizes, joining the growing list of EV startup casualties
Texas-based EV startup Canoo filed for Chapter 7 bankruptcy Friday, joining a growing list of failed electric vehicle ...