Fact-checked by Grok 2 weeks ago

Canoo

Canoo Inc. was an American manufacturer founded in 2017 by former executives Stefan Krause, Ulrich Kranz, and Richard Kim, specializing in modular s designed for subscription-based services, commercial fleets, and multi-purpose uses such as cargo vans and lifestyle vehicles. The company, initially headquartered in , developed a proprietary skateboard chassis platform to enable flexible vehicle configurations with a targeted range exceeding 250 miles per charge. Canoo went public in December 2020 through a reverse merger with Hennessy Capital Acquisition Corp. IV, achieving a valuation of $2.4 billion and raising capital to accelerate production. Key milestones included securing a contract with in 2022 to supply electric shuttles for transporting astronauts to launchpads and partnerships with entities like for technology development. The firm planned initial production in 2022, aiming for 10,000 vehicles that year, but faced and leadership changes, including the replacement of co-founder Kranz as CEO by in 2021. Despite early promise, Canoo encountered financial difficulties, including rapid cash burn and challenges in securing additional funding amid softening demand for its niche vehicles. On January 17, 2025, the company filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, leading to the cessation of operations and liquidation of assets. In March 2025, Canoo's then-CEO formed a new entity to acquire the company's and assets for $4 million, with court approval granted in April amid objections from other bidders.

History

Founding as Evelozcity

Evelozcity was established in late 2017 in , , by Stefan Krause, a former chief financial officer at and , Ulrich Kranz, who previously led BMW's i division focused on , and Richard Kim, chief designer. The founders, drawing from their experience in automotive finance and electric vehicle engineering, aimed to address challenges in urban transportation by creating innovative electric mobility solutions. From its inception, Evelozcity concentrated on developing modular electric vehicles tailored for urban environments, with a core emphasis on a skateboard chassis architecture that integrates batteries, motors, and electronics into a flat platform. This design enabled adaptable body configurations for various uses, prioritizing efficiency, scalability, and reduced manufacturing complexity to support sustainable city mobility. In , the company attracted substantial early investment, securing commitments totaling over $1 billion from private investors to fund its research, development, and prototyping efforts. Evelozcity's vision emphasized multi-purpose electric vehicles suitable for both commercial applications, such as delivery services, and personal use, with an eye toward flexible ownership models to enhance accessibility in densely populated areas. This approach positioned the startup to target evolving demands in urban electrification. In 2019, the company rebranded to Canoo to better reflect its evolving product strategy.

Rebranding to Canoo

In March 2019, the startup formerly known as Evelozcity rebranded to Canoo, adopting a name inspired by "canoe" to symbolize simplicity, modularity, relaxation, and seamless movement in urban environments. This change positioned Canoo as a boutique California brand emphasizing subscription-only electric vehicles tailored for lifestyle, commuting, ride-sharing, and delivery needs, moving away from the more technical-sounding original name. The rebranding announcement highlighted the company's growing team, with key hires including Olivier Bellin, formerly of , as head of operations overseeing supply chain and manufacturing, and Clemens Schmitz-Justen, ex-president of Manufacturing, to lead production efforts. These appointments brought expertise in , automotive scaling, and to support Canoo's vision of innovative, city-friendly EVs built on a modular platform. Later that year, on , 2019, Canoo publicly unveiled its debut —a compact, minivan-like electric model designed as a "lounge on wheels" with a flexible, pod-based interior that allows for customizable seating and storage configurations. The emphasized spaciousness and adaptability for urban subscribers, targeting a 2021 launch and underscoring Canoo's commitment to reimagining personal mobility beyond traditional ownership.

Public listing via SPAC

In August 2020, Canoo announced a business combination with Capital Acquisition Corp. IV (HCAC), a (SPAC), to become a publicly traded entity. The merger agreement valued Canoo at a enterprise value of approximately $2.4 billion and was expected to provide up to $600 million in gross proceeds, including a $300 million (PIPE) from institutional investors such as . These funds were designated primarily for advancing Canoo's platform development, scaling capabilities, and supporting vehicle launch. The transaction received strong shareholder approval, with over 99% of HCAC votes in favor, and closed on December 21, 2020, resulting in actual cash proceeds exceeding $625 million after accounting for additional contributions. Canoo began trading on the under the GOEV on December 22, 2020. Shares debuted strongly, opening at $22.75, peaking intraday at $24.32, and closing at $18.89—more than double the $10 per share reference price from the SPAC—reflecting high investor enthusiasm for startups at the time. Post-merger, Canoo's stock experienced significant volatility, rising to an intra-year high of over $20 in early 2021 amid broader sector momentum before fluctuating with market conditions. The proceeds enabled immediate expansion efforts, including bolstering engineering and initiatives. In line with these activities, Canoo maintained momentum from its prior collaboration with , announced in February 2020, for joint development of an platform based on Canoo's skateboard chassis design, which remained active into early 2021 before its termination in March 2021 due to strategic shifts. Additionally, the public listing facilitated minor leadership adjustments to support growth, with details covered in subsequent operational updates.

Growth and operational challenges

In 2022, Canoo initiated pre-production efforts, developing and testing prototypes of its electric vehicles ahead of a targeted full-scale launch later that year. The company produced 120 prototypes at partner facilities and advanced toward start of production by the fourth quarter, focusing on validating its modular platform for commercial applications. These efforts marked an important step in scaling from design to manufacturing, though the company relied on third-party contractors for initial builds while preparing its own facilities. To support expansion, Canoo secured a substantial $100 million incentive package from the state of in 2022, tied to job creation and investment in new manufacturing sites, including a battery module plant in Pryor and an assembly facility in . The Pryor site was part of a broader plan to achieve an annual production run rate of 20,000 vehicles by the end of 2023, with the plant equipped to employ over 500 workers and ramp up output accordingly. This deal, combined with local and tribal incentives, aimed to position as a hub for Canoo's operations, enabling the company to transition from prototypes to volume manufacturing. However, construction delays at these sites, driven by and disruptions, pushed back timelines and increased costs. By 2023, Canoo faced intensifying financial pressures amid broader market challenges, leading to repeated capital raises that diluted shareholder equity. The company executed a $52 million direct offering in February, adding 50 to 100 million new shares, and utilized an at-the-market equity program to access up to $200 million through ongoing sales. Additionally, Canoo raised approximately $56 million in net cash from on- and financing during the first quarter, including convertible debt, bringing total 2023 raises to more than $200 million. These measures sustained operations but significantly eroded value and confidence. Scaling production proved difficult, with bottlenecks and staffing shortages causing delays in facility readiness and deliveries, limiting output to just 22 units for the year. Operational strains culminated in workforce reductions, including a 2023 layoff impacting approximately 6% of employees as production deadlines loomed, followed by further cuts in subsequent years. These challenges, compounded by persistent issues, hindered Canoo's ability to meet ambitious growth targets and contributed to mounting losses exceeding $300 million that year.

Bankruptcy and liquidation

On January 17, 2025, Canoo Inc. and its subsidiaries filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of , listing approximately $126 million in assets against $164 million in liabilities owed to fewer than 50 creditors. The filing triggered an immediate cessation of all operations, including production at its facilities in and , effectively halting any ongoing vehicle deliveries to customers such as the U.S. and . The court appointed Jeoffrey L. Burtch as the Chapter 7 trustee to oversee the orderly of Canoo's assets to repay creditors, a process complicated by the company's dire financial state, including only about $700,000 in cash reserves as of late 2024. This marked the end of Canoo's independent operations, following years of funding shortfalls and operational setbacks that had already led to employee furloughs and factory idling in December 2024. In March 2025, Canoo's CEO, Anthony Aquila, formed a new entity called WHS Energy Solutions to bid on substantially all of the company's remaining assets, offering $4 million in cash. The bid faced objections from stakeholders, including a higher $20 million offer from investor Phillip Garson, who alleged flaws in the sale process, but U.S. Brendan L. Shannon approved Aquila's purchase in April 2025, allowing the transfer of , prototypes, and other key assets. The bankruptcy profoundly affected stakeholders, with creditors facing partial recoveries at best and employees—numbering around 300 before the filing—left without or continued pay amid widespread furloughs. In , where Canoo had received $1 million in state incentives for job creation, authorities indicated the company might be required to repay the funds due to unmet milestones, while the promised additional $99 million in incentives remained unpaid and likely irrecoverable.

Products and technology

Modular platform

Canoo's vehicles were designed to be built on a proprietary "" platform that integrates the , electric motors, , and structural components into a single, modular , enabling efficient power distribution and enhanced crash safety. This design housed essential systems such as electrical management, HVAC, drive units, and impact-absorbing structures, creating a self-contained that prioritized and reduced overall vehicle weight. The platform's flat profile maximized interior space relative to the vehicle's footprint, distinguishing it as one of the flattest architectures available. The skateboard supported scalable battery configurations ranging from 20 kWh to 80 kWh, delivering an estimated of 200 to 300 miles depending on the setup and motor configuration. For instance, an 80 kWh pack paired with all-wheel drive enabled over 200 miles of , while dual-motor variants could achieve up to 500 horsepower and exceed 300 miles. The electric motors were optimized for urban efficiency, reaching up to 97% efficiency, and were integrated to support a 400-volt without compromising fast-charging capabilities. This facilitated rapid reconfiguration by allowing body styles to be swapped onto the , adapting the for diverse applications such as passenger vans or pickup trucks with minimal redesign. Canoo filed patents for its multi-purpose vehicle () system between 2019 and 2020, including a in September 2019 for the core technology and a full filing in August 2020 for reconfigurable components like adjustable bumper ends. These innovations underpinned models like the Multi-Purpose Vehicle (MPDV), emphasizing versatility in commercial and consumer use. Following Canoo's 2025 , the 's was acquired in April 2025 by a new company formed by its former CEO for $4 million.

Vehicle models

Canoo's vehicle lineup was built on its modular electric platform, enabling adaptable configurations for various uses while sharing core components like the skateboard chassis and powertrain. The Lifestyle Delivery Vehicle (LDV) was intended to serve as a versatile pod-based minivan suitable for both personal and commercial applications, offering configurable seating for up to seven passengers in its lifestyle-oriented variants. Early prototypes featured an estimated range of 190 miles, with options for single or dual electric motors providing up to 300 horsepower and a 0-60 mph acceleration in approximately 6.3 seconds. The LDV included innovative features like interchangeable rear cargo modules and a low center of gravity for enhanced handling, with cargo space reaching up to 172 cubic feet in the extended LDV 190 model. Limited production of the LDV began in 2023, with approximately 22 units delivered before the company's 2025 bankruptcy. The , first teased in late 2020 and fully revealed in 2021, featured a distinctive forward-positioned with modular storage and an extendable bed measuring 4 feet by 6 feet for enhanced utility. Designed for both consumer and work duties, it offered rear-wheel or all-wheel drive with dual motors delivering up to 600 horsepower and 550 lb-ft of , targeting a range exceeding 200 miles. The truck included fold-out work surfaces and a capacity of 1,800 pounds, with towing capabilities supported via a standard hitch receiver. No production occurred before . The Multi-Purpose Delivery Vehicle (MPDV) was a larger targeted at and heavy-duty commercial operations, planned for starting in 2023 with dimensions of approximately 14.4 feet in length and 7.3 inches of ground clearance. It provided up to 230 cubic feet of total volume in the MPDV1 configuration, expandable in the MPDV2 variant to over 450 cubic feet behind the bulkhead, accommodating diverse needs with an 80 kWh option. The MPDV employed a reinforced and permanent-magnet rated at 200 horsepower for reliable performance in fleet environments. No occurred before .

Key features and innovations

Canoo's vehicles incorporated technology, which eliminated traditional mechanical linkages between the and wheels, enabling a fully electronic that enhanced precision and reduced vibrations for a smoother driving experience. This innovation, developed in partnership with suppliers like Mando Corporation, positioned Canoo as one of the first automakers to introduce fully redundant, autonomous-ready in production electric vehicles, facilitating easier integration of advanced driver-assistance systems (ADAS) and potential future . The technology allowed for greater flexibility in interior layout by removing the , contributing to the vehicle's pod-like design optimized for urban maneuverability. Complementing this, Canoo's customizable interior pods featured modular seating and storage configurations that could be reconfigured for passenger transport, cargo, or ride-sharing, transforming the cabin into a versatile "urban loft on wheels" with expansive space on a compact footprint. This adaptability supported diverse urban applications, such as quick rearrangements for families or delivery services, without compromising safety or structural integrity. Aerodynamic efficiency was a core innovation in Canoo's design philosophy, achieved through a streamlined, skateboard platform that integrated components low in the chassis to minimize drag. The Lifestyle Delivery Vehicle (LDV) boasted a drag coefficient of 0.33, which, combined with a low frontal area, enabled efficient energy use and extended range—up to 250 miles on an 80 kWh battery—without relying on oversized packs, thus reducing weight and cost. This approach prioritized practical efficiency for commercial and personal use, setting Canoo apart from bulkier electric vans by optimizing airflow over the boxy yet sculpted exterior. Over-the-air (OTA) software updates formed another pillar of Canoo's ecosystem, allowing seamless enhancements to vehicle performance, infotainment, and safety features throughout the vehicle's lifecycle, including progressive rollout of ADAS like adaptive cruise control and lane-keeping assistance. Tied to its pioneering subscription model, which bundled maintenance, insurance, and upgrades for a monthly fee starting around $600, these OTA capabilities enabled subscribers to access premium features on-demand, such as enhanced autonomy aids, without hardware changes, promoting long-term adaptability and lower ownership barriers. Sustainability was embedded in Canoo's material choices and strategy, with a commitment to using recyclable and repurposed components, including high-strength comprising about 90% of the vehicle's structure for durability and end-of-life recyclability. The company targeted over 95% U.S.-sourced content for key parts like batteries and , achieving 96% domestic sourcing by to minimize environmental impact from global shipping and support local . This focus extended to thermoplastic outer skins and other elements designed for easy disassembly and , aligning with broader goals of reducing the in production while maintaining performance standards.

Business operations

Manufacturing facilities

Canoo established its initial manufacturing and development operations at an innovation center in , which opened in 2019 and served as the company's global headquarters for prototyping and activities. The facility spanned approximately 90,000 square feet and housed design, engineering, and early vehicle assembly efforts, where the first prototypes were unveiled in September 2019. This site supported beta testing and initial validation of the company's modular platform through 2022, before operations began relocating due to strategic shifts. In late 2021, Canoo announced plans for an advanced industrialization facility in , near Bentonville, as part of a broader expansion that included relocating its there. The state offered incentives potentially worth up to $70 million in tax credits and grants, contingent on meeting investment and job creation targets, to support vehicle manufacturing and a research center. However, these plans were abandoned by mid-2024 amid financial pressures and a pivot to lower-cost locations, with Canoo ultimately dropping from its operational footprint without commencing production. Canoo shifted focus to Oklahoma, breaking ground on a major production site at the MidAmerica Industrial Park in Pryor in 2022, following an announcement of plans in June 2021. The state secured the project with approximately $100 million in performance-based incentives, including cash grants and tax exemptions, to fund a battery module manufacturing plant and support an estimated $1.1 billion investment creating up to 1,500 jobs. A complementary assembly facility was acquired in Oklahoma City, spanning about 630,000 square feet, with initial production targeted for late 2023. By 2024, however, both sites were idled due to ongoing funding shortfalls and operational delays, with only $1 million in incentives disbursed after creating over 100 jobs. Overall production remained limited, with approximately 120 prototypes constructed by December 2022 at a contract facility in , using Canoo's tooling and processes; these included variants of the Lifestyle Delivery Vehicle for testing with partners like the U.S. Postal Service. No vehicles entered at Canoo's own facilities before operations ceased in early 2025 following the company's filing.

Customer orders and partnerships

Canoo secured several notable customer orders and partnerships focused on its electric Lifestyle Delivery Vehicles (LDVs) for commercial and fleet applications. In July 2022, Walmart announced a definitive agreement to purchase 4,500 Canoo LDVs for last-mile delivery operations, with an option to acquire up to an additional 5,500 units, bringing the potential total to 10,000 vehicles. These vehicles were intended to support Walmart's e-commerce growth by enabling sustainable deliveries of groceries and general merchandise. However, no vehicles were delivered to Walmart, and by late 2024, the company adopted Chevrolet delivery vans instead. In 2022, the state of awarded Canoo a no-bid to supply up to 1,000 electric vehicles for state fleet modernization, linked to economic incentives for the company's local operations. The agreement spanned five years, with initial deliveries of three vehicles occurring in early 2024, marking the first production units from Canoo's Oklahoma facility. In January 2024, the U.S. Postal Service (USPS) agreed to purchase six right-hand-drive LDV 190 vehicles for evaluation, with deliveries occurring by May 2024 for use in mail delivery in . selected Canoo in April 2022 under a $147,855 contract to provide three electric crew transportation vehicles for the , designed to ferry astronauts at . These Multi-Purpose Delivery Vehicles (MPDVs), a variant of the LDV, arrived in July 2023 and supported 's sustainable transportation goals for lunar missions. Kingbee Rentals, a vehicle rental provider serving Amazon Delivery Service Partners, placed a binding order for 9,300 Canoo LDVs in October 2022 to expand its fleet for and applications. Kingbee planned to upfit and lease the vehicles to small and medium-sized businesses, with initial starting in early 2024. By late 2022, Canoo's binding purchase orders totaled around $750 million, equivalent to approximately 20,000 units across these and other commitments, though production challenges left most undelivered, with only approximately 20 vehicles delivered in total by early 2025 across all commitments.

Leadership changes

Canoo's founding leadership transitioned rapidly in its initial years. Co-founder and former CEO stepped down from his role as chairman in June 2020, shortly after the company rebranded from and prepared for public listing. His departure marked the first major executive shift, with Krause citing a desire to pursue other opportunities while remaining an advisor. Fellow co-founder , who had assumed the CEO position following Krause's earlier shift away from day-to-day operations, resigned in April 2021 amid strategic realignments. Tony Aquila was appointed executive chairman in October 2020 during the SPAC merger process and took on the additional role of CEO effective May 2021, succeeding Kranz. Aquila, a serial entrepreneur, brought extensive experience in automotive technology through his founding and leadership of Solera Holdings, a global provider of software and data solutions for the automotive aftermarket industry, which he grew into a multibillion-dollar enterprise before its sale. Under Aquila's dual role as CEO and chairman, Canoo focused on scaling production and securing partnerships, though the company faced ongoing executive turnover, including the departure of CTO Sohel Merchant in August 2024 as part of a broader reorganization. The board saw targeted additions to bolster expertise in technology and automotive operations. In August 2023, Greg Ethridge, a finance veteran, joined the board before being elevated to CFO later that year. Further strengthening occurred in February 2024 with the appointments of Deborah Diaz, former NASA Chief Technology Officer, and James H. Chen, a transportation executive with prior roles at Tesla and VIA Motors, to enhance governance in innovation and EV commercialization. Aquila's compensation drew public scrutiny, particularly regarding reimbursements for private jet usage; in 2023, Canoo paid $1.7 million to Aquila Family Ventures for such services, exceeding the company's annual revenue and raising questions about fiscal priorities amid financial challenges. Following Canoo's Chapter 7 filing in January 2025, established a new entity, Aquila EV Holdings LLC, to acquire substantially all of the company's remaining assets, including and manufacturing equipment, for $4 million in cash. The U.S. approved the sale in 2025, allowing to preserve key technologies from despite objections from some creditors over the . This move positioned to potentially revive elements of Canoo's modular platform under new ownership.

References

  1. [1]
    Electric vehicle startup Canoo will offer cars by subscription only
    Mar 25, 2019 · The company was founded by Stefan Krause, Ulrich Kranz and Richard Kim, all of whom worked previously at another California-based EV startup ...
  2. [2]
    California Startup Plans to Sell Electric Vehicles by Subscription
    Sep 24, 2019 · Canoo, a California startup that plans to offer electric vehicles by subscription, is unveiling its first model at its headquarters in Los ...
  3. [3]
    Canoo Inc - Company Profile and News - Bloomberg Markets
    Canoo Inc. operates as an electric vehicle company. The Company specializes in cars, mini buses, and commercial vehicles for rental and sharing services.
  4. [4]
    U.S. EV startup Canoo to go public at $2.4 billion valuation | Reuters
    Aug 18, 2020 · The canoo will have an electric driving range of more than 250 miles. Canoo expects to build 10,000 canoo vehicles in 2022, rising to 50,000 in ...
  5. [5]
    Apple Hires Former BMW Executive for Its Rebooted Car Project
    Jun 10, 2021 · Canoo went public in December after a reverse merger with a special purpose acquisition company, or SPAC, called Hennessy Capital Acquisition ...
  6. [6]
    NASA Taps EV Maker Canoo to Shuttle Astronauts to Launchpad
    Apr 4, 2022 · NASA selected electric-truck maker Canoo Inc. to build vehicles to carry astronauts to the launchpad for upcoming missions to the moon and Mars.
  7. [7]
    Hyundai Bets on Canoo to Supercharge Its Electric Vehicle Plans
    Feb 11, 2020 · Canoo, founded in 2017 by a pair of former BMW executives, plans to sell electric vehicles by subscription starting in 2021 in Los Angeles ...
  8. [8]
    EXCLUSIVE Electric car startup Canoo names new CEO, outlines ...
    Apr 22, 2021 · Aquila, a former software CEO who joined Canoo in October, immediately replaces Ulrich Kranz, who co-founded the company and exits at the end ...
  9. [9]
    EV startup Canoo files for bankruptcy, to cease operations - Reuters
    Jan 17, 2025 · Canoo (GOEV.O) said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately.<|control11|><|separator|>
  10. [10]
    Chief Executive of Canoo Forms Company to Acquire Assets of the ...
    Mar 7, 2025 · The chief executive of Canoo Inc. has formed a company to acquire the assets of the bankrupt electric vehicle manufacturer for $4 million.
  11. [11]
    Canoo CEO can buy bankrupt EV startup's assets, judge rules
    Apr 10, 2025 · The sale of bankrupt EV startup Canoo's assets to its CEO has been approved by the judge overseeing the case.
  12. [12]
    BMW Vets Raise A Stunning $1 Billion For Stealth EV Startup - Forbes
    Mar 13, 2018 · EVelozcity founders are CEO Stefan Krause, left, design ...
  13. [13]
    L.A. start-up plans to offer electric vehicles by subscription
    Sep 26, 2019 · He, Krause and Kim all left Faraday shortly thereafter, in an acrimonious split with ownership, to found Canoo, originally known as Evelozcity.
  14. [14]
    Electric vehicle startup Canoo to go public via SPAC - TechCrunch
    Aug 18, 2020 · Canoo started as Evelozcity in 2017, founded by former Faraday Future executives Stefan Krause and Ulrich Kranz. The company rebranded as Canoo ...
  15. [15]
    Canoo, the electric vehicle startup formed from Faraday Future's ...
    Apr 23, 2019 · Canoo said that it intends to use a modular “skateboard” approach to its vehicle design where different form factors can rest atop its chassis.
  16. [16]
    Former Opel boss joins US electric car startup Evelozcity
    Apr 30, 2018 · Neumann joins fellow German executives at Evelozcity Stefan Krause and Ulrich Kranz. Krause has previously served as CFO at Deutsche Bank ...Missing: Tong 2017
  17. [17]
    1 billion dollar funding for EV startup EVelozcity - electrive.com
    Mar 14, 2018 · Founded by former BMW and Faraday Future manager Stefan Krause, the electric car venture EVelozcity is hot among investors.Missing: Tong 2017
  18. [18]
    How Faraday Future's former 'savior' plans to take on the EV market
    what else? — a new EV startup based in California called Evelozcity, Inc.Missing: founders | Show results with:founders
  19. [19]
    EVelozcity rebrands as Canoo, an EV startup with a subscription ...
    Mar 25, 2019 · Electric vehicle startup EVelozcity, which was founded by former Faraday Future employees, has relaunched as Canoo.Missing: founders | Show results with:founders
  20. [20]
    EVELOZCITY Selects Canoo as Its New Name and Announces Key ...
    Mar 25, 2019 · EVELOZCITY, a Los Angeles based company creating electric vehicles (EV) made for subscription, announced today that Canoo is its new name.Missing: vision urban
  21. [21]
    Evelozcity changes name to Canoo as it readies first EV for 2021
    Mar 25, 2019 · Canoo's vehicles will be based on a flat, skateboard-style platform that will allow designers to pen cars that look very different to what's on ...
  22. [22]
    EV startup Evelozcity rebrands as Canoo, plans subscription-only ...
    Mar 26, 2019 · An electric-car startup called Evelozcity has rebranded itself as Canoo and announced a new business model that will involve only offering vehicles through ...
  23. [23]
    Meet Canoo's Subscription-Only Electric Vehicles That 'Will Look ...
    Mar 30, 2019 · EVelozcity becomes Canoo, and moves forward with its plan to offer a subscription service for four different electric vehicle models in ...
  24. [24]
    Startup Canoo (formerly EVELOZCITY) to build subscription-only EVs
    Mar 28, 2019 · EVELOZCITY, a Los Angeles company working on EVs available only via subscription, has announced that it has changed its name to Canoo.Missing: vision urban
  25. [25]
    Canoo Unveils World's First Subscription-Only Electric Vehicle
    Sep 24, 2019 · Canoo, the Los Angeles based company creating electric vehicles (EV) for subscription only, has unveiled today its first model, simply called canoo.Missing: minivan | Show results with:minivan
  26. [26]
    Electric car startup Canoo reveals sci-fi 'lounge on wheels' - CNN
    Sep 25, 2019 · Canoo, a California-based electric car start-up, has revealed its first vehicle – a futuristic looking electric vehicle designed to serve as a mobile living ...
  27. [27]
    Canoo's first subscription-only EV is a refreshing rethink of the VW ...
    Sep 24, 2019 · That lawsuit was eventually settled, and in March of this year, Evelozcity rebranded to Canoo. (Though the drama doesn't stop there. Krause ...
  28. [28]
    Electric Vehicle Company Canoo To List On Nasdaq Through ...
    Aug 18, 2020 · Canoo and HCAC will host a joint investor conference call to discuss the business and the proposed transaction today, August 18, 2020 at 8:00 AM ...
  29. [29]
    Hennessy Capital Acquisition Corp. IV Announces - GlobeNewswire
    Dec 18, 2020 · ... Announced Business Combination With Canoo; Cash Proceeds to Exceed $625 Million Following Transaction Closing. December 18, 2020 09:00 ET ...Missing: valuation | Show results with:valuation
  30. [30]
    Electric Vehicle Company Canoo And Hennessy Capital Acquisition ...
    Dec 21, 2020 · The Business Combination was approved by HCAC stockholders at a special meeting held on December 21, 2020. Beginning on December 22, 2020, ...
  31. [31]
    Canoo Makes Nasdaq Debut - Los Angeles Business Journal
    Dec 22, 2020 · Hennessy Capital stockholders approved the transaction Dec. 21, clearing the way for Canoo common stock and warrants to begin trading on the ...Missing: valuation | Show results with:valuation
  32. [32]
    Canoo (GOEV) Stock Price, News & Analysis - MarketBeat
    The stock price initially surged on news of the company's merger with Hennessy Capital Acquisition Corp. IV, reaching a high of $20.28 in February 2021.Missing: debut surge
  33. [33]
    Hyundai Motor Group, Canoo to Co-Develop All-Electric Platform for ...
    Feb 11, 2020 · Hyundai has engaged Canoo to jointly develop an electric vehicle (EV) platform based on Canoo's proprietary skateboard design for upcoming Hyundai and Kia ...
  34. [34]
    How Many Vehicles Has Canoo Delivered? - Max Dispatch Service
    The company was founded in December 2017. Initially, the name of the company was Evelozcity. Later in 2019, by rebranding it, they changed the name to Canoo.<|control11|><|separator|>
  35. [35]
    EV Startup Canoo Has Second Battery Fire in Preproduction Tests
    Jul 12, 2022 · Canoo is in the process of developing prototypes of its electric vans ahead of a targeted fourth-quarter start of production. The automaker ...
  36. [36]
    Canoo could be required to repay Oklahoma incentive money
    Dec 19, 2024 · Oklahoma has approved Canoo to receive about $100 million in state incentives over the next decade. But the company has only collected $1 ...
  37. [37]
    Canoo to Acquire Vehicle Manufacturing Facility in Oklahoma City
    Nov 9, 2022 · With a dedicated training center, Canoo's Vehicle Manufacturing Facility will employ more than 500 people and be equipped to ramp to a 20,000 ...
  38. [38]
    Canoo to acquire manufacturing plant in Oklahoma City - KGOU
    Nov 11, 2022 · Canoo says significant delays in facility construction have come from inflation and supply chain issues. StateImpact Oklahoma is a ...
  39. [39]
    Canoo (GOEV) shares sink on $52 million stock offering - CNBC
    Feb 6, 2023 · For current shareholders, the deal also means significant dilution of their holdings, as it will add between 50 million and 100 million shares ...Missing: debt $200
  40. [40]
    Canoo: A House Of Cards Built On Dilution - Seeking Alpha
    May 7, 2024 · In addition to Canoo's reliance on dilutive convertible debt, the company has an active ATM program to raise $200 million, which was announced ...
  41. [41]
    Canoo reports loss of $91 million in 1Q ... - Oklahoma Energy Today
    May 16, 2023 · Canoo reports loss of $91 million in 1Q but pledges 20,000 car production this year · Raised over $150 million in on and off balance sheet ...Missing: capacity | Show results with:capacity
  42. [42]
    Layoffs - Canoo - TrueUp
    Electric-vehicle startup Canoo lays off workers as its production deadline nears. 58 employees impacted 6% of company.<|control11|><|separator|>
  43. [43]
    https://seekingalpha.com/article/4604786-canoo-inc-goev-q1-2023-earnings-call-transcript
  44. [44]
    Canoo can't stay afloat, files for Chapter 7 bankruptcy
    Feb 11, 2025 · In mid-January, Canoo filed Chapter 7 bankruptcy, which involves selling off assets to settle up with creditors and closing the doors.
  45. [45]
    Canoo Inc. Files for Chapter 7 Bankruptcy and Ceases Operations
    Jan 17, 2025 · Canoo Inc. has filed for Chapter 7 bankruptcy, ceasing operations and beginning asset liquidation due to financial struggles.<|control11|><|separator|>
  46. [46]
    Electric vehicle startup Canoo files for bankruptcy, ceases operations
    Jan 22, 2025 · Seven-year-old electric vehicle startup Canoo has filed Chapter 7 bankruptcy and announced an immediate halt to operations.
  47. [47]
    Canoo Inc. - Delaware Bankruptcy Court - PacerMonitor
    Jan 17, 2025 · Canoo Inc. · Trustee. Jeoffrey L. Burtch. P.O. Box 549. Wilmington, DE 19899 · U.S. Trustee. U.S. Trustee. Office of the United States Trustee J.
  48. [48]
    Canoo collapses into bankruptcy | Professional Van
    Jan 22, 2025 · With only $700,000 (£570,000) in cash reserves by late 2024, Canoo furloughed employees and idled its Oklahoma factory. The writing was on the ...
  49. [49]
    EV maker Canoo runs out of cash, files for bankruptcy
    Jan 28, 2025 · Canoo said its operations ceased immediately. Shortly before Christmas 2024, Canoo shut down its battery operation in Pryor, and furloughed ...
  50. [50]
    Report: Canoo's DFW-Based CEO Aims To Buy His Bankrupt ...
    Mar 11, 2025 · A new entity controlled by Canoo CEO Anthony Aquila aims to purchase “substantially all” of the company's assets for $4 million in cash.
  51. [51]
    Investor Challenges Sale of Canoo's Assets Amid Bankruptcy ...
    Garson, who offered $20 million for the assets, claims the sale process was “flawed” and that his offer was superior to Aquila's $4 million bid, which included ...
  52. [52]
    EV startup Canoo to liquidate assets after bankruptcy filing - Just Auto
    Jan 20, 2025 · Canoo's bankruptcy filing, including those of its subsidiaries, states that it owes hundreds of creditors and has over $164m in liabilities, ...Missing: debts | Show results with:debts
  53. [53]
    Electric vehicle manufacturer Canoo files for bankruptcy - KOSU
    Jan 22, 2025 · The company agreed to receive more than $100 million in state incentives if it met job creation and revenue requirements. Canoo did not clear ...
  54. [54]
    Canoo unveils game changing subscription-based steel-intensive ...
    Canoo, the Battery Electric Vehicle (BEV) startup based in Los Angeles unveiled the prototype of its first all-electric urban vehicle in September 2019.
  55. [55]
    The Canoo Skateboard Our skateboard is designed to be the flattest ...
    Aug 24, 2020 · The Canoo Skateboard Our skateboard is designed to be the flattest EV- platform in the industry, delivering maximum interior volume on the ...
  56. [56]
    Can Canoo can do? - Just Auto
    Jul 7, 2021 · Canoo's vehicle strategy is built around a common skateboard platform like many battery EVs designed from the ground up. This platform is ...
  57. [57]
    The 2023 Canoo Pickup Might Just Change the EV Truck Game
    Mar 12, 2021 · The all-wheel-drive version shown is rated for 1,800 pounds of payload capacity and a claimed 200-plus miles of range from its 80-kWh battery.
  58. [58]
    Canoo shows off naked skateboard platform, in-house EV ...
    Sep 25, 2020 · The dual-motor configuration is capable of up to 500 horsepower and over 300 miles of range, the company said. That's with a rear "primary unit" ...
  59. [59]
    Canoo skateboard platform in action - electrive.com
    Oct 1, 2020 · California's e-mobility startup Canoo provides more technical details about its proprietary skateboard platform for electric vehicles and publishes a video ...Missing: modular | Show results with:modular<|control11|><|separator|>
  60. [60]
    EV startup Canoo has a structural battery—but it's not Tesla's ...
    Jun 24, 2021 · Canoo's is a 400-volt platform, but Savagian explained that the company isn't giving up any fast-charging rate because of it. He said that's the ...
  61. [61]
    Is this what makes the Canoo skateboard different than other EV ...
    Oct 27, 2021 · Unlike other platforms on the market, Canoo's skateboard is uniquely modular, offering a truly self-contained, fully functional rolling ...
  62. [62]
    Canoo platform patent joins USPTO database; at least 50 more ...
    Apr 29, 2021 · The United States Patent and Trademark Office (USPTO) database has revealed a patent application from Canoo for its platform technology.Missing: MPV | Show results with:MPV
  63. [63]
    Patents Assigned to Canoo Technologies Inc.
    Patent number: 12168475 ; Abstract: A vehicle platform with a variety of impact safety features including front and rear impact features as well as side impact ...Missing: MPV | Show results with:MPV
  64. [64]
    Torrance-based electric vehicle start-up Canoo aims to disrupt auto ...
    Aug 29, 2020 · Canoo, which has about 300 employees at its 90,000-square-foot headquarters on Mariner Avenue, merged with Hennessey Capital, a Special ...
  65. [65]
    Canoo's 'Urban Loft On Wheels' Is Automaker's First Electric Car
    Sep 25, 2019 · The company's global headquarters is located in a 90,000 square foot building in Torrance, California which also houses the R&D facility and ...Missing: size | Show results with:size
  66. [66]
    The Station: Canoo hits the road, Coup shutters and Samsung shifts
    Dec 2, 2019 · The bulk of the beta testing is expected to take place over the next six months in various locations, including near Canoo's Torrance, Calif.
  67. [67]
    EV startup Canoo says it will relocate corporate headquarters to ...
    Nov 15, 2021 · Electric vehicle startup Canoo said Monday (Nov. 15) it's planning for a major expansion in Northwest Arkansas. The Texas company, based in ...Missing: abandoned | Show results with:abandoned
  68. [68]
    EV Startup Canoo Inc. Plans Oklahoma “Mega Microfactory”
    The investment in Pryor is pegged at $1.1 billion, with some 1,500 jobs promised. The company earlier this year announced it would move its headquarters from ...
  69. [69]
    Canoo Drops Arkansas From Operations List
    May 6, 2024 · Its stock has nosedived since it announced its headquarters plan in late 2021, and its lack of cash has required it to warn investors for ...Canoo Drops Arkansas From... · Walmart Deal · Some Plus Signs
  70. [70]
    The Life and Times of Canoo | News | pryorinfopub.com
    Apr 6, 2022 · In 2017, Stefan Krause, Ulrich Kranz left Faraday Future and founded a new electric vehicle company, Evelozcity, which was renamed Canoo in 2019 ...<|control11|><|separator|>
  71. [71]
    Oklahoma incentives to EV start-up Canoo could total $113 million
    Aug 15, 2023 · The Canoo electric vehicle plant in Oklahoma City is nearing production as start-up approved for incentives totaling $113 million over next ...Missing: groundbreaking | Show results with:groundbreaking
  72. [72]
    Canoo Finalizes Incentive Package with Oklahoma, Cherokee Nation
    Aug 14, 2023 · Canoo will invest more than $320 million in its Oklahoma City assembly facility and Pryor battery module manufacturing plant. Together, these ...Missing: 20000 | Show results with:20000
  73. [73]
    Canoo Lifestyle Vehicle - Wikipedia
    The Canoo Lifestyle Vehicle (LV) is a battery electric vehicle with multiple body styles sharing a common platform, including minivan, cargo van, and pickup ...
  74. [74]
    Canoo Files for Bankruptcy, Ending Its Dream of Funky EV Vans
    Jan 21, 2025 · Canoo, an EV startup founded in 2017, has filed for Chapter 7 bankruptcy and has ceased operations. The downfall came after the company ...
  75. [75]
    Walmart To Purchase 4,500 Canoo Electric Delivery Vehicles To Be ...
    Jul 12, 2022 · Its customized interior is designed for small package delivery, at competitive per stop economics. The modular design and 120 cubic feet cargo ...
  76. [76]
    Canoo could collect up to $110 million in state incentives over the ...
    Aug 21, 2023 · The EV-startup Canoo Inc. says it can reap more than $100 million in incentives and tax breaks to manufacture its vehicles in Oklahoma.Missing: groundbreaking | Show results with:groundbreaking
  77. [77]
    Canoo Delivering First Made in Oklahoma Electric Vehicles to State ...
    Nov 13, 2023 · Milestone delivering first batch in agreement of up to 1,000 vehicles. OKLAHOMA CITY, Nov. 13, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: ...Missing: 800 | Show results with:800
  78. [78]
    CONTRACT to CANOO TECHNOLOGIES INC. | USAspending
    View a summary page of this 2022 CONTRACT to CANOO TECHNOLOGIES INC. from the National Aeronautics and Space Administration.
  79. [79]
    New Fleet of Vehicles for NASA's Artemis Crews Arrives at Kennedy
    Jul 11, 2023 · Canoo was awarded a contract in April 2022 to manufacture the vehicles. “The collaboration between Canoo and our NASA representatives ...Missing: $45 million
  80. [80]
    Kingbee Places Binding Order for 9,300 Canoo Electric Vehicles
    Oct 17, 2022 · Kingbee will upfit, wrap and deliver Canoo vehicles as work-ready fleets solutions for enterprise and small & medium sized business (SMB) ...Missing: Amazon 10000 units
  81. [81]
    Canoo delivers initial LDVs from 9,300-unit Kingbee order - Teslarati
    Jan 17, 2024 · The LDV 130 units are set to begin being used in Kingbee's rental fleet, and Canoo plans to deliver more units to the company throughout 2024 as ...Missing: collaboration Amazon<|control11|><|separator|>
  82. [82]
    Canoo Reaches More Than $2 Billion In Purchase Orders And Sees ...
    Nov 10, 2022 · More importantly, Canoo's order book expanded to more than $2 billion with $750 million in binding orders. The order book increased more than ...
  83. [83]
    Canoo founder leaves the EV startup ahead of next year's launch
    Jun 18, 2020 · Originally called Evelozcity, Canoo was founded in late 2017 by Krause and Kranz (as well as a few others) after they split off from struggling ...Missing: Tong | Show results with:Tong
  84. [84]
    Canoo founder Krause leaves the company - electrive.com
    “Stefan has decided to formally leave his official duties with Canoo to pursue other opportunities,” the company told The Verge in a statement.Missing: down | Show results with:down
  85. [85]
    Canoo's chief technology officer is out amid wider reorg - TechCrunch
    Aug 23, 2024 · Co-founder and former CEO Stefan Krause left the company in 2020. His replacement, fellow co-founder Ulrich Kranz, resigned in 2021 and ...
  86. [86]
    Electric Vehicle Company Canoo Announces Appointment Of Tony ...
    Oct 20, 2020 · Tony Aquila, Executive Chairman, said, "I am pleased to join the Canoo team as Executive Chairman at this pivotal point in the company's ...
  87. [87]
    Executive Chairman Tony Aquila Also Named CEO of Canoo to ...
    Apr 22, 2021 · Mr. Aquila joined the Canoo board as Executive Chairman on December 21, 2020. He was previously elected chairman on October 19, 2020.Missing: interim | Show results with:interim
  88. [88]
    Canoo Names Ethridge Chief Financial Officer - PR Newswire
    Aug 28, 2023 · Ethridge will report to Canoo Chairman and CEO, Tony Aquila. This move is effective immediately, and Ethridge will assume responsibilities for ...
  89. [89]
    Canoo Appoints Former NASA Chief Technology Officer Deborah
    Feb 7, 2024 · “I'm excited to strengthen the board with the additions of Deborah and James,” said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo.
  90. [90]
    Canoo is paying CEO's other company millions in private jet fees.
    Apr 2, 2024 · According to Canoo's latest earnings, the struggling EV startup spent $1.7 million on private jet reimbursements for CEO Tony Aquila in 2023, ...
  91. [91]
    Canoo's CEO is buying the bankrupt EV startup's assets | TechCrunch
    Mar 5, 2025 · Canoo has told the court that as of February 24 it had around $145 million in assets and $175 million in liabilities, and around $12 million in ...