American advanced mobility company and electric vehicle (EV) manufacturer Canoo has announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code.
Canoo, which had developed the LDV130 electric cargo van, failed to raise sufficient funding to overcome its debts.
The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company’s assets and the distribution of proceeds to creditors.
The EV maker had previously supplied its vehicles to NASA, the US Department of Defense, the United States Postal Service (USPS), the State of Oklahoma, and had agreements with Walmart among others.
Canoo chairman and CEO Tony Aquila said: “We would like to thank the company’s employees for their dedication and hard work.
“We know that you believed in our company as we did. We are truly disappointed that things turned out as they did.
“We would also like to thank NASA, the Department of Defense, USPS, the State of Oklahoma and Walmart for their belief in our products and our company.”
Achievements and innovations in EV charging infrastructure will be recognised and celebrated at the fourth annual CiTTi Awards on 26 November 2025 at De Vere Grand Connaught Rooms in London. Visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector!
