Canoo

Bankrupt EV startup Arrival sold its assets to Canoo

Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acqu

The EV SPACs are running out of juice

News from Canoo and Arrival illustrates just how far off the rails the EV-SPAC boom has gone.

EV company Canoo agrees to $1.5M settlement with SEC

Canoo concludes SEC investigation with $1.5M payout, which its CEO says will help the EV company raise more much-needed funds.

EV SPAC Canoo agrees to sell $52M in stock to stay alive

Canoo has agreed to sell 50 million shares at a steeply discounted price as the cash-strapped EV company seeks the money it needs to keep its operations running. Canoo said Monday it would sell 50 mil

Canoo sends its EV pickup truck to the US Army for testing

Canoo, the beleaguered EV startup-turned-SPAC, has delivered its first “Light Tactical Vehicle” to the U.S. Army for a demonstration project aimed at showing how its modular electric plat

Canoo to buy vehicle manufacturing facility in Oklahoma City

Commercial electric vehicle company Canoo entered into an agreement to acquire a vehicle manufacturing facility in Oklahoma City, the company announced Wednesday along with its third-quarter earnings.

Honda and LG Energy plan to build a $4.4 billion lithium-ion plant in the US

Honda is the latest car company with plans to manufacture lithium-ion batteries in the U.S. The automaker said Monday it is forming a joint venture with LG Energy Solutions to supply the North America

Walmart’s last-mile delivery service, Walmart GoLocal, tops 1M deliveries in year one

Walmart’s last-mile delivery service business, Walmart GoLocal, has topped 1 million deliveries in its first year, the retailer today revealed. The company offered a brief update on the state of

The Station: Arrival slashes EV targets, more Tesla FSD controversy and NHTSA loses its captain

The Station is your central hub for all past, present and future means of moving people and packages from Point A to Point B. 

Canoo burns cash in race to hit $1B EV sales goal

Electric vehicle company Canoo’s second-quarter results, like its first-quarter results, show a pre-revenue company that’s burning through cash. However, last quarter, Canoo was warning it

Walmart doesn’t want Canoo selling EVs to Amazon

Walmart kicked off a deal with electric vehicle company Canoo on Tuesday to purchase 4,500 of its last-mile delivery vehicles. While the deal is not exclusive, it does prevent Canoo from making sales

Daily Crunch: Microsoft lays off hundreds of employees as it kicks off fiscal year 2023

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Walmart agrees to order 4,500 Canoo EVs for last-mile delivery

Walmart said Tuesday it signed an agreement to buy 4,500 all-electric delivery vehicles from Canoo, the electric vehicle startup-turned-SPAC that last quarter warned it may not have enough money to st

Pix Moving brings robovans to Japan, eyes DAO-based EV making

A company from China is ready to capture Japan’s demand for autonomous service vehicles as robots play an increasingly important role to address the aging society’s labor shortage. Pix Mov

Electric Last Mile Solutions to file for bankruptcy

Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solut

The Station: VW resurrects Scout as an EV brand and mobility SPACs have a helluva week

Howdy readers! Welcome to The Station, your central hub for all past, present, and future means of moving people and packages from Point A to Point B.

Daily Crunch: Terraform Labs CEO goes public with strategy to re-peg sliding UST stablecoin

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Canoo warns it may not have enough funds to bring EVs to market

Canoo’s first-quarter earnings shows a company burning through cash, no near-term revenue and a warning that it may not have enough money to stay in business. Shares of Canoo, which were down 5%

EV startup Canoo sues major investor over sketchy share sales

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” The short-swing prof

Why EV startups should’ve hit the brakes before merging with a SPAC

The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.
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