The judge in Canoo’s bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup’s assets. In a hearing Tuesday, Judge Brendan Linehan Shannon ruled the financier, a UK-based man named Charles Garson, lacked standing to request the sale to Canoo’s own CEO be vacated. While Garson had […]
Mystery investor’s attempt to stop Canoo asset sale shot down by judge Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Your usual host Kirsten has passed the reins to me, Rebecca Bellan, for the day, and I want to talk about Aurora Innovation and its last-minute save.
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Your usual host Kirsten has passed the reins to me, Rebecca Bellan, for the day, and I want to talk about Aurora Innovation and its last-minute save.
A mysterious investor out of London has asked a bankruptcy judge in Delaware to stop the sale of EV startup Canoo’s assets to its CEO, calling it a “flawed” process. Charles Garson, a UK-based investor with no obvious ties to the EV startup, offered $20 million for Canoo’s assets, according to a filing. A lawyer
Mysterious financier asks judge to stop Canoo asset sale Read More »
The sale of bankrupt EV startup Canoo’s assets to its CEO has been approved by the judge overseeing the case. After evaluating a number of limited objections to the sale, Judge Brendan Shannon said in a hearing Wednesday he believes the process was fair and that no one else but Canoo CEO Anthony Aquila made
Canoo CEO can buy bankrupt EV startup’s assets, judge rules Read More »
The sale of bankrupt EV startup Canoo’s assets to its CEO has been okayed by the judge overseeing the case. After evaluating a number of limited objections to the sale, Judge Brendan Shannon said in a hearing Wednesday he believes the process was fair, and that no one else but Canoo CEO Anthony Aquila made
Canoo CEO can buy bankrupt EV startup’s assets, judge rules Read More »
Electric trucking company Harbinger has filed an objection to the sale of Canoo’s assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger’s objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses
EV truck maker Harbinger accuses Canoo of hiding assets in bankruptcy sale Read More »
The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt
Canoo’s CEO is buying the bankrupt EV startup’s assets Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! We’re just a few days into a new Trump administration, and it’s already a firehose of executive orders, declarations, and even pardons. A few have crossed into
Canoo craters and Trump comes for EVs Read More »
Seven-year-old 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. The company said in a press release published late Friday that it was “in discussions with foreign sources of capital” that proved unsuccessful, and also
EV startup Canoo files for bankruptcy and ceases operations Read More »
