The move comes as the company failed to obtain support from the US Department of Energy's Loan Program Office.
Canoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware.
After racking up over $900 million in losses since 2022, the electric vehicle startup has filed for bankruptcy ...
There are a lot of electric vehicle startups designing a lot of cool looking EVs, each having varying levels of success.