Upstart electric automaker Canoo promised to build an adorable electric van. The California-based startup got some big-hitter backing in its early years, including a deal to develop platforms with Hyundai and talks with Apple for its planned car.

The US electric vehicle manufacturer Canoo has filed for Chapter 7 bankruptcy and will cease operations immediately. This marks the end of the road for the company that emerged from the Californian EV startup Evelozcity in 2019.

Canoo has announced that, effective immediately, it will cease operations. The company will work closely with the appointed trustee to ensure an orderly liquidation of assets and the distribution of proceeds to its creditors.

Canoo, the electric vehicle startup that once promised to employ thousands of Oklahomans, filed for bankruptcy on Friday.

Following failed talks with investors, Canoo is insolvent. The US company builds electrically powered delivery vans.

Electric vehicle start-up Canoo has declared bankruptcy and will cease operations immediately, seven years after its launch.

Electric vehicle maker Canoo files for 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,