EV Startup Canoo Files for Bankruptcy

EV startup Canoo files for bankruptcy and ceases operations
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately." The company is liquidating its assets in a
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.
Electric vehicle maker Canoo files for Chapter 7 bankruptcy
"As a result of this filing, Canoo regrets to inform all stakeholders that it will cease operations effective immediately," the company said in a statement on its website.
Canoo, the electric vehicle startup that was promised $100 million in incentives, files for bankruptcy
Canoo, the electric vehicle startup that once promised to employ thousands of Oklahomans, filed for bankruptcy on Friday.
EV Startup Canoo Files for Chapter 7 Bankruptcy
Electric vehicle (EV) startup Canoo announced on Friday that it will file for Chapter 7 bankruptcy, ceasing operations effective immediately. The company, known for its innovative microbus-inspired cargo vans,
Canoo Inc. files for Chapter 7 bankruptcy amid financial struggles, ending operations
Electric vehicle company Canoo has filed for Chapter 7 bankruptcy, citing an inability to secure federal loans or foreign investment.
It’s The End Of The Road For Canoo
The electric vehicle startup has filed for bankruptcy and will “cease operations immediately” after failing to secure capital ...
Canoo Goes Bust With Less Than $50,000 Left And Millions In Debt
After racking up over $900 million in losses since 2022, the electric vehicle startup has filed for bankruptcy ...
Yahoo9d
After Canoo shuttered plants, a bill seeks to keep other EV companies from getting state cash
An Oklahoma lawmaker has filed a bill that would ban electric vehicle makers from receiving cash from a governor-controlled state incentive program after Canoo furloughed workers and closed ...
The Norman Transcript9d
After Canoo shuttered factories, a bill seeks to keep other EV companies from getting cash from a state incentive program
Canoo only collected $1 million of the money after it had created 100 new jobs in the state in January 2024. Stitt’s office did not respond to questions about Canoo or Pugh’s bill.