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Technology@lemmy.worldEnglish • 2 months ago

Calif.-founded EV maker Canoo, once worth $2.4 billion, goes belly-up after moving to Texas

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Calif.-founded EV maker Canoo, once worth $2.4 billion, goes belly-up after moving to Texas

mesa to

Technology@lemmy.worldEnglish • 2 months ago

Calif.-founded carmaker, once worth $2.4B, goes belly-up after moving to Texas

Canoo, an electric vehicle maker founded in California and once worth $2.4 billion, went bankrupt just months after laying off workers and moving to Texas.

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@kata1yst@sh.itjust.works
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24•2 months ago
Writing was on the wall after they lost their Amazon and USPS bids. Their entire model was based on landing fleet contracts.

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