Canoo Inc., the electric vehicle startup that came to the state in 2021 and had facilities in Oklahoma City and Pryor announced Friday it has filed for Chapter 7 bankruptcy.
The company said it could no longer sustain operations after failing to secure federal loans or attract foreign investors.
“Despite being American-made, successfully delivering to such esteemed organizations as NASA, the Department of Defense (“DOD”), The United States Postal Service (“USPS”), the State of Oklahoma and having agreements with Walmart and others, Canoo has unfortunately been unable to secure financial support from the U.S. Department of Energy’s (“DOE”) Loan Program Office. Recently,…
