Canoo Shuts Down And Files for Bankruptcy

Canoo, the EV startup, has officially filed for Chapter 7 bankruptcy, marking the end of its operations. Despite working with NASA, the Department of Defense, USPS and Walmart, the company faced the unability to secure critical funding, including a loan from the Department of Energy. In this episode of the Out of Spec Podcast, we discuss Canoo's challenges, the broader struggles of EV startups. Why do so many EV companies fail, and what lessons can be learned from Canoo's story?Shoutout to our sponsors for more information find their links below:- Fort Collins Kia: Visit focokia.com for full details. Disclaimer: *Delivery covers up to $1,000.Find us on all of these places:YouTube: https://www.youtube.com/outofspecpodcastApple Podcasts: https://podcasts.apple.com/us/podcast/out-of-spec-podcast/id1576636119Spotify: https://open.spotify.com/show/0tKIQfKL9oaHc1DLOTWvbdAmazon: https://music.amazon.com/podcasts/473692b9-05b9-41f9-9b38-9f86fbdabee7/OUT-OF-SPEC-PODCASTFor further inquiries please email [email protected] Hosted on Acast. See acast.com/privacy for more information.