EV Maker Canoo 'Goes Belly-Up After Moving to Texas'

2021: "Automotive Startup Canoo Debuts a Snub-Nosed Electric Pickup"2025: Canoo "Goes Belly-Up After Moving to Texas"
"Its production volumes paled in comparison to Canoo's rate of cash burn, which was substantial, with net losses in 2023 totaling just over $300 million..." reports AutoWeek. "It was able to deliver small batches of vans to a few customers, but apparently remained distant from anything approaching volume production."
"Back in 2020, electric vehicle maker Canoo snagged a $2.4 bill