Sign up for our popular daily email to catch all the latest EV news!
Canoo Inc., a U.S.-based advanced mobility and energy company, has voluntarily filed for Chapter 7 bankruptcy, signaling the end of its operations. The filing, made in the U.S. Bankruptcy Court for Delaware, initiates the liquidation of the company’s assets under the supervision of a federally appointed Bankruptcy Trustee. Despite high-profile partnerships and delivering products to major organizations, the company was unable to secure critical financial support, leading to its insolvency.
Key Highlights:
- Chapter 7 Bankruptcy Filing: Canoo Inc. has filed for Chapter 7 bankruptcy in Delaware, marking the end of its operations and the start of asset…
