Canoo Goes Bust With Less Than $50,000 Left And Millions In Debt
Carscoops
JANUARY 18, 2025
Canoo filed for Chapter 7 bankruptcy after burning through cash and failing to secure funding. Despite high-profile backing, it failed to secure financial support from U.S. or foreign investors. The electric vehicle startup said it has liabilities ranging from $10 million to $50 million. Another EV startup has hit the skids. Following the recent downfalls of Lordstown Motors and Fisker, both of which each filed for various degrees of bankruptcy protection, Canoo announced late Friday that it wou
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