Upstart electric automaker Canoo promised to build an adorable electric van. The California-based startup got some big-hitter backing in its early years, including a deal to develop platforms with Hyundai and talks with Apple for its planned car.

Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately." The company is liquidating its assets in a

The move comes as the company failed to obtain support from the US Department of Energy's Loan Program Office.

The company had been in talks for the same kind of loan from the Biden administration that Rivian was just awarded, only to be denied at the last moment.

The EV start-up had at one point allegedly been in conversations with Apple and had signed contracts with both NASA and Walmart.

Electric vehicle maker. (Nasdaq: GOEV) has filed for Chapter 7 bankruptcy and will cease operations immediately, becoming another casualty among EV companies that went public through

Electric vehicle (EV) startup Canoo announced on Friday that it will file for Chapter 7 bankruptcy, ceasing operations effective immediately. The company, known for its innovative microbus-inspired cargo vans,

Electric vehicle maker Canoo files for bankruptcy

Canoo, the electric vehicle startup that once promised to employ thousands of Oklahomans, filed for bankruptcy on Friday.