EV startup Canoo files for bankruptcy, to cease operations-March 2024-www.financetom.com

EV startup Canoo files for bankruptcy, to cease operations

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EV startup Canoo files for bankruptcy, to cease operations

Jan 17, 2025 6:14 PM

Jan 17 (Reuters) - Canoo ( GOEV ) said on Friday it

would file for Chapter 7 bankruptcy and cease operations,

effective immediately.

The EV startup has been dealing with rapid cash burn and has

struggled to raise additional funding amid uncertain demand for

its microbus-inspired cargo vans.

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