EV startup Canoo files for bankruptcy and ceases operations

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Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also © 2024 TechCrunch. All rights reserved. For personal use only.

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