Once-Promising Canoo Is Latest EV Startup To Fall Apart

Once-Promising Canoo Is The Latest EV Startup To Fall Apart
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.
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.
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 files for bankruptcy right before Donald Trump’s inauguration
The company had been in talks for the same kind of loan from the Biden administration that Rivian was just awarded, only to be denied at the last moment.
EV Startups Struggle to Stay Afloat: Canoo Becomes Latest Victim
Another electric vehicle (EV) startup from the pandemic boom has folded. The EV market had been a hotbed of innovation and optimism, particularly for startups eager to replicate the success of industry leader Tesla TSLA.
EV startup Canoo goes bankrupt
Canoo unveiled its first vehicle, the LDV van, five years ago and went public a year later, raising an estimated $600 million in the process. However, despite receiving orders for
Video: Canoo Is The First EV Startup To Fail In 2025
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EV startup Canoo capsizes, killing electric ute and van
US electric vehicle (EV) startup Canoo has filed for bankruptcy and has ceased operations with immediate effect, seven years after it was founded. Billing itself as “an advanced high-tech mobility company”,
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 ...
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Canoo files bankruptcy, claiming funding shortfalls
Struggling electric vehicle startup Canoo has filed for bankruptcy and ceased all operations.
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.
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.
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Canoo is insolvent and ceases operations
The US electric car manufacturer Canoo has filed for Chapter 7 bankruptcy and will cease operations with immediate effect. A ...
Canoo — North Texas-based EV startup with NASA, Walmart partnerships — ceases operations
Justin, Texas-based electric vehicle startup Canoo announced Friday it had begun bankruptcy proceedings and ceased operations ...
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 ...
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Canoo to liquidate after struggling to scale up production in Oklahoma
Canoo, an electric car manufacturer, has filed for bankruptcy and plans to liquidate due to failure to secure financing and ...
After Canoo shuttered plants, a bill seeks to keep other EV companies from getting state cash
Oklahoma has tried unsuccessfully in recent years to lure other electric vehicle and battery manufacturers with big incentive ...