From Out of Spec Podcast.

Canoo, the EV startup, has officially filed for Chapter 7 bankruptcy, marking the end of its operations. Despite working with NASA, the Department of Defense, USPS and Walmart, the company faced the unability to secure critical funding, including a loan from the Department of Energy. In this episode of the Out of Spec Podcast, we discuss Canoo’s challenges, the broader struggles of EV startups. Why do so many EV companies fail, and what lessons can be learned from Canoo’s story?

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