Canoo had been taking $100 reservations from consumers since 2020. In November 2024, it said it had started refunding those deposits, making the decision to sell to fleets and not individuals.

Canoo said on Friday night that it has filed for Chapter 7 bankruptcy and “will cease operations effective immediately,” after failing to secure enough funding to keep it going.

The EV startup had some promising designs, but things didn’t pan out in the end. Texas-based EV startup Canoo filed for Chapter 7 bankruptcy Friday, joining a growing list of failed electric ...

Canoo's utilitarian-yet-cool EVs looked like no other. The startup has filed for Chapter 7 bankruptcy and ceased operations immediately. Beverly Braga Jan 19, 2025 12:00 PM EST 0 ...

Canoo currently expects "to scale manufacturing" of its vans in 2024 at its Oklahoma plant, which currently employs over 100 workers but is designed to support up to 1100.

Canoo said it expects full-year 2024 revenue to be between $50 million and $100 million, below analysts' expectations of $152.5 million, according to LSEG data.

In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated. Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for ...

Quarterly sales clocked in at $367,000 which missed the analyst consensus estimate of $703,800 by 47.85%. Canoo produced 22 vehicles in 2023 and 17 of those were completed in the fourth quarter.