Canoo has $145 million in assets and $12 million in cash, which makes it sound like Aquila could get a real bargain – but the startup also has $175 million in liabilities. Womp womp.

Texas-based EV startup Canoo filed for Chapter 7 bankruptcy Friday, joining a growing list of failed electric vehicle manufacturers that initially blossomed in the wake of Tesla’s success ...

Three Crew Transportation Vehicles delivered by Justin, Texas-based Canoo to NASA's Kennedy Space Center in Florida in July 2023 for use in NASA's Artemis II mission.(Hand-out / Canoo) The boat ...

Canoo, an EV startup founded in 2017, has filed for Chapter 7 bankruptcy and has ceased operations. The downfall came after the company failed to secure funding from both the U.S. Department of ...

Canoo reportedly sent employees on unpaid leave until 2025, locking them out of systems. A former high-level employee claims Canoo lied about building EVs in its Oklahoma factory. The company is ...

Canoo has also been hit with several collection lawsuits by suppliers over unpaid bills and late payments. It's likely a lack of solvent funds that's to blame: the company noted losses of $302 ...

Canoo started strong, with orders for electric cargo vehicles from Walmart and the US Postal Service, as well as Department of Defense contracts. But it is now showing some signs of distress ...

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Canoo Inc. has significantly enhanced its production capabilities by acquiring advanced manufacturing assets. Despite financial surprises in the last quarter, with reported losses wider than ...

Canoo targets a niche commercial fleet segment with limited competition and large potential. The company boasts a $3 billion sales pipeline, including major contracts like Walmart. Unlock your all ...

Canoo buys factory equipment from EV startup Arrival at deep discount, aimed at boosting its manufacturing. The EV maker has been producing its electric passenger and delivery vans in small ...

Walmart-backed EV startup Canoo has announced that deliveries of its all-electric commercial van have officially begun – and the first production Canoo LDV 130 vans are already hard at work.