LISTEN: EV Maker Canoo Shuts Down, Files for Chapter 7

In late December, when TechCrunch reported that EV startup Canoo had just $700K in the bank and was putting its staff on a “mandatory unpaid break,” it felt like there’s never been clearer writing on any wall in history.

That’s why it surprised few when, this week, Canoo announced that it would be ceasing operations and filing for Chapter 7 bankruptcy.