Bollinger Motors isn't alone as it grapples with a difficult EV market. Many firms were struggling well before President ...

Canoo was set to take the EV world by storm with its uniquely designed pickup truck. But the company's now filed for ...

Lucid Motors was once labeled a “Tesla-killer” by many on the Street. The company’s founder and former CEO, Peter Rawlinson, ...

The sale of bankrupt EV startup Canoo’s assets to its CEO has been approved by the judge overseeing the case. After evaluating a number of limited objections to the sale, Judge Brendan Shannon ...

The EV manufacturer earned a $110 million gross profit at its core automotive business in the fourth quarter, a milestone ...

Final thoughts Whatever initial promise Canoo showed, it’s hard to see what the diminutive EV start-up had to offer that larger, better-funded manufacturers could not. Today, battery-electric ...

Canoo is the latest EV startup to go bankrupt after merging with a special purpose acquisition company (SPAC) as a shortcut to going public. Electric Last Mile Solutions was the first in June 2022.

Canoo’s bankruptcy filing underscores the harsh realities of high costs, operational challenges and fierce competition that have proven too much for EV startups.

Unfortunately, Canoo is not the last EV startup to close shop, only the latest. According to a Wall Street Journal report, at least 18 EV and battery startups were projected to run out of cash in ...

Electric vehicle (EV) startup Canoo has filed for Chapter 7 bankruptcy, indicating the company will cease operations immediately and liquidate its assets. The filing was made with the US ...