The electric vehicle startup has filed for bankruptcy and will “cease operations immediately” after failing to secure capital.

Canoo, the quirky electric vehicle startup with one of the most unusual names in the automotive business is in dire financial trouble. In fact, the situation is so bad, on Friday, the company ...

Texas-based EV startup Canoo filed for Chapter 7 bankruptcy Friday, joining a growing list of failed electric vehicle manufacturers that initially blossomed in the wake of Tesla’s success ...

Nor did efforts to obtain capital from foreign sources stave off bankruptcy. Canoo had total liabilities exceeding $164 million against approximately $126 million in assets. “We would like to ...

In a not-so-unexpected move, Canoo announced on Friday that it had filed for Chapter 7 bankruptcy and is ceasing operation immediately. The EV startup is the latest to call it quits in the face of ...

Canoo’s contract with the state requires the company to repay the Quick Action Closing Fund money within 30 days if it lays off 80% or more of the workers within 18 months of receiving the ...

Formed in California in 2017, Canoo set out to create a range of electric vans that put cutesy styling on the same pedestal as technological prowess. As such, its pickup truck was an adorable anti ...

In an official announcement released at 8:15PM last night, Walmart-backed electric van company Canoo filed a voluntary petition for relief under Chapter 7 of the US Bankruptcy Code and will cease ...

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware ...

More: Canoo to auction off equipment after furloughing workers, pausing production Canoo, which has received money from the Quick Action Closing Fund, closed factories in Oklahoma City and Pryor late ...

Not long after moving its headquarters from California to Texas, EV startup Canoo is sinking ... for nearly 60 other employees to be laid off instead of offered relocation.