The judge in Canoo’s bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup’s assets. In a hearing Tuesday, Judge Brendan Linehan Shannon ruled the financier, a UK-based man named Charles Garson, lacked standing to request the sale to Canoo’s own CEO be vacated. While Garson had…
Category: Canoo
aurora, Canoo, Global IT News, Global Security News, techcrunch mobility, Transportation
Aurora launches its driverless commercial trucking service, and a surprise bidder joins Canoo’s bankruptcy case
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Your usual host Kirsten has passed the reins to me, Rebecca Bellan, for the day, and I want to talk about Aurora Innovation and its last-minute save. …
Canoo, electric vehicles, EVs, Exclusive, Global Security News, Transportation
Mysterious financier asks judge to stop Canoo asset sale
A mysterious investor out of London has asked a bankruptcy judge in Delaware to stop the sale of EV startup Canoo’s assets to its CEO, calling it a “flawed” process. Charles Garson, a UK-based investor with no obvious ties to the EV startup, offered $20 million for Canoo’s assets, according to a filing. A lawyer…
Canoo, electric vehicles, Global Security News, Harbinger, Transportation
Canoo CEO can buy bankrupt EV startup’s assets, judge rules
The sale of bankrupt EV startup Canoo’s assets to its CEO has been approved by the judge overseeing the case. After evaluating a number of limited objections to the sale, Judge Brendan Shannon said in a hearing Wednesday he believes the process was fair and that no one else but Canoo CEO Anthony Aquila made…
Canoo, Global Security News, Harbinger, Transportation
EV truck maker Harbinger accuses Canoo of hiding assets in bankruptcy sale
Electric trucking company Harbinger has filed an objection to the sale of Canoo’s assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger’s objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses…
Canoo, electric vehicles, EVs, Global IT News, Global Security News, Transportation
Canoo’s CEO is buying the bankrupt EV startup’s assets
The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt…
Canoo, Ford, Global IT News, Global Security News, GM, Government & Policy, Rivian, techcrunch mobility, Transportation
Canoo craters and Trump comes for EVs
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! We’re just a few days into a new Trump administration, and it’s already a firehose of executive orders, declarations, and even pardons. A few have crossed into…
Canoo, electric vehicles, EVs, Global IT News, Global Security News, Transportation
EV startup Canoo files for bankruptcy and ceases operations
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.” The company is liquidating its assets in a Chapter 7 proceeding in the Delaware Bankruptcy Court. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also…
Canoo, electric vehicles, EVs, Exclusive, Global IT News, Global Security News, Transportation
EV startup Canoo places remaining employees on a ‘mandatory unpaid break’
Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid break” through at least the end of the year, according to an email obtained by TechCrunch. The company told employees they are being locked out of Canoo’s systems at the end of the day Friday, according to the…
Canoo, Global IT News, Global Security News, lucid, RAM, robotaxis, techcrunch mobility, Tesla, Transportation, Waymo, zoox
Waymo fills the Cruise void overseas and a salute to icon Jean Jennings
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. This will be the last newsletter of 2024! But don’t worry, we’ll be back in 2025 — sign up here to get it in your inbox every week. Thank you for reading and your emails. I love…
Canoo, EVs, Global IT News, Global Security News, Layoffs, layoffs and furloughs, Transportation
Canoo furloughs workers and idles factory as it scrapes for cash
Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive. The company claims it is in “advanced discussions with various capital sources” to raise emergency funding. The announcement comes just a few days after board member James Chen resigned,…