this post was submitted on 18 Jan 2025
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Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will "cease operations immediately." The company is liquidating its assets in a

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[–] Gradually_Adjusting@lemmy.world 13 points 1 month ago

Another casualty of the EV SPAC craze of yesteryear. Private equity is a machine that turns promising ventures into private jet flights.

[–] Ilovethebomb@lemm.ee 10 points 1 month ago

Building vehicles solely for the rental market always was a strange way to go about running a business, from what I remember, the plan was to build and operate a rental fleet, but not sell them to individuals?

[–] EnderLaw@lemmy.world 2 points 1 month ago

I thought those looked cool.