Justin, Texas-based electric vehicle startup Canoo announced Friday it had begun bankruptcy proceedings and ceased operations, effective immediately.

JUSTIN, Texas (KNWA/KFTA) — Electric vehicle company Canoo announced on Jan. 17 that it filed for Chapter 7 bankruptcy.

Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded ...

Canoo’s NASA Crew Transports Get Ready for Takeoff In November 2024 Canoo laid off almost a quarter of its staff amid growing signs that the startup was in trouble, even after a few seemingly ...

Canoo, which makes pod-shaped electric vehicles, announced Friday that it filed for bankruptcy and ceased operations.

Canoo files for Chapter 7 bankruptcy, ceasing operations and beginning asset liquidation after failing to secure vital funding. Despite partnerships with NASA and Walmart, Canoo's stock has fallen ...

The startup, founded in 2017 and focusing on electric commercial vehicles, has run out of money, ceasing operations and ...

The move comes as the company failed to obtain support from the US Department of Energy's Loan Program Office.

The EV startup signed partnerships and pilot programs with USPS, US Army, NASA, and the state of Oklahoma but could only deliver a handful of the vehicles it promised. Canoo burned over $1 billion ...

Despite delivering products to clients lsuch as NASA, the US Department of Defense, the US Postal Service, and the State of Oklahoma, and securing agreements with Walmart among others, Canoo has ...

Canoo calls it quits after years of struggle ... Those dealings have included producing shuttles for NASA’s Artemis crew and an agreement to build 4,500 electric delivery vans for Walmart.