Canoo Halts Factory Operations and Furloughs 82 Workers as Financial Struggles Persist

The EV startup is seeking emergency funding to sustain operations while facing leadership departures and legal challenges.

Canoo has furloughed 82 employees and paused operations at its Oklahoma factory, citing the need to secure additional capital.
The company is in advanced discussions with potential funding sources to address its immediate financial needs.
This marks the latest in a series of workforce reductions, with 132 employees furloughed over the past three months.
Recent leadership changes include the resignation of board member James Chen and earlier departures of the CFO and CTO.
Canoo is also dealing with lawsuits from suppliers over unpaid bills, adding to its financial and operational challenges.