Canoo, an electric vehicle startup founded in 2017,Announce, due to failure to obtain sufficient funds to support operational needs, it has earlier filed for bankruptcy protection and will cease operations immediately from now on.
Canoo disclosed its bank balance to the U.S. Securities and Exchange Commission in November last year.Only $70 leftThe company announced that it may not be able to continue operating. This statement indicated that the company had originally planned to obtain additional funds from the U.S. Department of Energy loan program or to try to avoid bankruptcy through foreign funding, but ultimately failed to do so, so the board of directors decided to file for bankruptcy protection.
Currently, Canoo owes a total of approximately US$1.64 million to external parties, with hundreds of creditors. It holds assets worth approximately US$1.26 million, which are expected to be liquidated in the future and distributed to its creditors in proportion.
Prior to this, Canoo had assisted NASA in manufacturing several electric trucks, assisted the US Army in manufacturing prototype vehicles, and assisted companies such as the US Post Office and Walmart in building large-scale electric vehicle fleets, but in the end only a small number of vehicles entered mass production.
When Apple was rumored to be preparing to launch its own electric vehicle products, Canoo alsoIt was once speculated that Apple might acquire it., in order to improve its own car manufacturing capabilities, but this was not confirmed later, and Apple subsequently canceled its investment in electric vehicle product research and development.
