News from Canoo and Arrival illustrates just how far off the rails the EV-SPAC boom has gone.
Canoo concludes SEC investigation with $1.5M payout, which its CEO says will help the EV company raise more much-needed funds.
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, 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
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 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 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 is your central hub for all past, present and future means of moving people and packages from Point A to Point B.
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 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
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
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
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
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
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.
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
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%
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
The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.
The autonomous driving industry in China has enjoyed a boom over the past two years, with both institutional and corporate investors pouring money into a driverless future. Companies thriving in the d