Last Words
“Driving the future.” (Parked permanently.)
Raised
~$1 billion — battery drained by financial short-circuit
Cause of Death
EV startup… that couldn’t sustain the charge.
Notable twist
Raised ~$1B. Filed for Chapter 7 bankruptcy.
Details
Pitch: “Subscription-only electric vehicles.”
Canoo promised flexible access to EVs via subscription. Despite billion-dollar backing, manufacturing delays and runaway costs drained the company. Canoo filed for liquidation in early 2025, joining the EV graveyard.
