Has Canoo delivered any vehicles?
It’s been nearly two years since Canoo said it was finally starting production of its vans in a Michigan factory. Since then, the company appears to have delivered only 19 vehicles to customers, according to the company’s own public reports. Unlike Rivian, Canoo will only be selling to fleet customers for the first year of production. Those customers will also hopefully soon include the U. S. Canoo’s Light Tactical Vehicle that we also reviewed.
Can I buy a Canoo vehicle?
The handful of Canoo vehicles built over the past few years were likely closer to pre-production prototypes than final production vehicles. Unfortunately, those test vehicles will remain the only Canoos to ever grace American roads. Canoo announced in a November 2023 press release that it had delivered its first vehicles made in Oklahoma to the state of Oklahoma. Three vehicles were delivered to the Office of Management and Enterprise Services, the Department of Corrections, and the Department of Transportation.
Who is buying Canoo?
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. Among the reasons Canoo gave for its financial trouble was a lack of support from the U. S. Department of Energy Loan Program Office. In turn, the company attempted to secure additional funding from overseas investors, but again with no success. This ultimately led to the Chapter 7 bankruptcy filing in January 2025.The headline takeaways: Chapter 7 liquidation typically extinguishes equity value; reported filing summaries noted roughly $126 million in assets against approximately $164 million in liabilities; and under ordinary insolvency outcomes current shareholders of the public Canoo entity are unlikely to recover meaningful .