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About Canoo
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Websitecanoo.com
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Compare Canoo with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | - based on 0 reviews | 3.7/5 based on 87.2k reviews | 3.7/5 based on 51.7k reviews | 3.9/5 based on 54.7k reviews |
Highly Rated for | - | Job security Work-life balance | Job security | Skill development Job security Company culture |
Critically Rated for | - | Promotions Salary Work satisfaction | Promotions Salary | Promotions |
Primary Work Policy | - | Work from office 80% employees reported | Hybrid 61% employees reported | Hybrid 73% employees reported |
Rating by Women Employees | - no rating available | 3.8 Good rated by 25.2k women | 3.8 Good rated by 14.8k women | 3.9 Good rated by 20.4k women |
Rating by Men Employees | - no rating available | 3.7 Good rated by 56.8k men | 3.7 Good rated by 34.5k men | 3.8 Good rated by 31.7k men |
Job security | - Data not available | 4.5 Good | 3.8 Good | 3.8 Good |
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Canoo Salaries
Head of Product
(1 salaries)
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₹40.5 L/yr - ₹51.8 L/yr
Software Engineer
(1 salaries)
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₹15.3 L/yr - ₹19.5 L/yr
Canoo News
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EV startup Canoo capsizes, killing electric ute and van
- US EV startup Canoo has filed for bankruptcy and has ceased operations with immediate effect.
- Canoo, founded in 2017, was known for its Canoo Lifestyle Vehicle and planned to release other models.
- The company faced financial troubles, reporting a significant loss in the first quarter of 2022.
- Canoo is the second US EV maker to file for bankruptcy in the past year, following Fisker.
CarExpert | 21 Jan, 2025
EV startup Canoo has filed for Chapter 7 bankruptcy
- Electric vehicle (EV) startup Canoo has filed for Chapter 7 bankruptcy.
- Canoo has announced the ceasing of operations and the filing of Chapter 7 bankruptcy, following unsuccessful attempts to secure additional funding.
- The company's assets will be liquidated by a Bankruptcy Trustee as per the filing with the U.S. Bankruptcy Court for Delaware.
- Canoo expresses gratitude to employees and other organizations for their support and expresses disappointment over the outcome.
Teslarati | 20 Jan, 2025
EV startup Canoo has filed for bankruptcy and stopped all operations
- EV startup Canoo has filed for Chapter 7 bankruptcy and has ceased operations.
- The company was unable to secure funding from the Department of Energy's Loan Program Office and foreign sources of capital.
- Canoo owes over $164 million to creditors and has approximately $126 million in assets.
- The company had only produced a small number of its electric vans despite having deals with NASA, the US Army, USPS, and Walmart.
Engadget | 19 Jan, 2025
EV startup Canoo has filed for bankruptcy
- EV startup Canoo has filed for Chapter 7 bankruptcy in Delaware.
- The company estimates its assets are worth $126 million and owes over $164 million to its creditors.
- The US will appoint a Bankruptcy Trustee to oversee the liquidation of Canoo's assets and distribution of proceeds to creditors.
- Canoo's dire situation was signaled when it idled its Oklahoma operations and faced a loss of executives.
The Verge | 19 Jan, 2025
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It’s The End Of The Road For Canoo
- Canoo, an electric vehicle (EV) startup, has filed for Chapter 7 bankruptcy.
- The company dismissed its entire workforce in the last two months and will liquidate all assets to pay off debts and creditors.
- Canoo struggled to secure necessary capital, despite having a promising product - a skateboard EV platform.
- Partnerships with Hyundai and the US Postal Service were not enough to keep the company afloat.
Insideevs | 18 Jan, 2025
EV startup Canoo files for bankruptcy and ceases operations
- 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.
- Canoo failed to secure funding from foreign sources of capital and the U.S. Department of Energy's Loan Program Office.
- The company had struggled to deliver its electric vans and experienced multiple executive departures.
TechCrunch | 18 Jan, 2025
Canoo reportedly puts staff on mandatory unpaid break for weeks
- Electric vehicle startup Canoo has placed its remaining employees on a "mandatory unpaid break" for several weeks.
- The decision is reportedly not driven by holiday cheer, but by the company's financial problems and furloughs.
- Canoo has been borrowing millions from its CEO's private equity firm to stay afloat.
- The company has faced executive departures, lawsuits, and a lack of cash reserves.
Mashable | 23 Dec, 2024
All of Canoo’s employees are reportedly on a ‘mandatory unpaid break’
- EV startup Canoo has put all of its employees on a 'mandatory unpaid break' through at least the end of the year.
- Canoo previously furloughed employees and idled its Oklahoma factories while securing capital.
- The company had only about $700,000 left in the bank last month.
- Canoo announced a 1-for-20 reverse stock split to attract more investors.
The Verge | 22 Dec, 2024
/cdn.vox-cdn.com/uploads/chorus_asset/file/24830575/canoo_van_photo.jpeg)
Canoo put employees on a ‘mandatory unpaid break’ after pausing work at Oklahoma factories this week
- EV startup Canoo placed remaining workers on a 'mandatory unpaid break' after idling its Oklahoma factories this week.
- Canoo emailed the employees to inform them about the break, which is expected to last at least through the end of the year.
- The company is facing financial difficulties, lawsuits, and turnover of executives.
- Canoo stated that it is in advanced discussions with various capital sources and hopes to bring back the employees to work soon.
Engadget | 22 Dec, 2024
EV startup Canoo places remaining employees on a ‘mandatory unpaid break’
- Electric van startup Canoo has placed remaining employees on a 'mandatory unpaid break'.
- Employees are being locked out of Canoo's systems and benefits will last through December.
- The company recently announced furloughs and idling of an assembly facility due to lack of funding.
- Canoo has experienced executive departures and reported having only $700,000 in the bank.
TechCrunch | 21 Dec, 2024
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