EV Startup Canoo Running Out of Cash, Says ‘Substantial Doubt’ it Can Continue
Justin, Texas-based electric vehicle startup Canoo announced its Q1 earnings on Tuesday, and the company says it’s running out of cash and may not be able to continue. “We have been clear about our philosophy of raising capital judiciously and will continue with this disciplined approach,” said Tony Aquila, Investor, Chairman & CEO at Canoo, […]