Canoo, EV and Texas

Despite orders from Walmart and NASA, the futuristic EV van startup struggled to get production rolling in Oklahoma.
Canoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware.
According to data from Benzinga Pro, GOEV has a 52-week high of $102.07 and a 52-week low of $0.32.
Canoo's bankruptcy and others like Lordstown Motors before it demonstrate a similar pattern. Fleets should take notice.
The move comes as the company failed to obtain support from the US Department of Energy's Loan Program Office.
EV start-up declares bankruptcy It seems the only thing Canoo is canoeing into is bankruptcy court. The EV startup, once ...
After racking up over $900 million in losses since 2022, the electric vehicle startup has filed for bankruptcy ...