Canoo Inc. was an American automotive company based in Torrance, California, that developed and manufactured electric vehicles. Canoo's research and development team was based in Michigan, in the Detroit region (Auburn Hills, Livonia), and production operations in Justin, Texas. The company had plans to produce commercial electric vehicles such as vans for fleet, vehicle rental, and ride-sharing services. On January 17, 2025, Canoo filed for Chapter 7 bankruptcy.
Canoo Inc. was an American automotive company based in Torrance, California, that developed and manufactured electric vehicles. Canoo's research and development team was based in Michigan, in the Detroit region (Auburn Hills, Livonia), and production operations in Justin, Texas. The company had plans to produce commercial electric vehicles such as vans for fleet, vehicle rental, and ride-sharing services. On January 17, 2025, Canoo filed for Chapter 7 bankruptcy.
== History == ===Origins as Evelozcity=== Canoo was founded in 2017 under the name Evelozcity by Stefan Krause and Ulrich Kranz. Krause worked for Deutsche Bank as its chief financial officer while Kranz worked for BMW as a senior executive. Both men had met at rival EV company Faraday Future before leaving together to form their own company in 2017, due to disagreement with Faraday Future's leadership. Krause took on the role of chief executive officer at Evelozcity, and Kranz became chief technology officer. The company received its primary funding from Chinese investor Li Pak-tam and German entrepreneur David Stern.
Discovered by embedding cosine similarity (sentence-transformers MiniLM, 384-dim).