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

Canoo’s filing in the U.S. Bankruptcy Court for Delaware signals that operations ended Friday and the company’s assets will ...

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

Canoo, an electric vehicle maker founded in California and once worth $2.4 billion, went bankrupt just months after laying ...

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

Canoo stock price crashed by over 70% on Tuesday after the electric vehicle company filed for bankruptcy, as we had warned ...

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Canoo’s bankruptcy filing underscores the harsh realities of high costs, operational challenges and fierce competition that have proven too much for EV startups. Canoo couldn’t secure the ...

As more and more drivers around the world invest in electric vehicles, both existing automakers and startups have vied to get ...

Last March, the company also acquired the assets of another failed EV startup, Arrival. At the time, Canoo claimed to have purchased the assets at an 80% discount.

Canoo's bankruptcy and others like Lordstown Motors before it demonstrate a similar pattern. Fleets should take notice.