Canoo Category: Vehicle Marque Wikipedia: Canoo Address: Torrance, California Description: A former electric vehicle manufacturer specializing in delivery vehicles. Vehicle names used by Canoo throughout its history are: LDV, LTV, LV, MPDV1, MPDV2, MPDV3, and Pickup Truck. Page Sections: History · Article Index

History

The following section is an excerpt from Wikipedia's Automotive Industries page on X February 2025, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

Canoo Inc. was an American automotive company based in Torrance, California, that developed and manufactured electric vehicles.[2][3] 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 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.

In March 2019 Evelozcity was renamed Canoo. In September 2019, the company presented its first vehicle prototype, the electric van Canoo, which was later renamed to the Canoo Lifestyle Vehicle.

As of October 2024, less than 12 vehicles have been delivered from all orders, appearing to be samples, not regular production.

Article Index

Date	Article	Details
4 October 2024	Foreign-Trade Zone 227; Application for Subzone; Canoo Inc.; Pryor, Oklahoma No authorization for production activity has been requested at this time. The proposed subzone would be subject to the existing activation limit of FTZ 227.	Federal Register Notice (text) Agency: Foreign-Trade Zones Board Byline: Elizabeth Whiteman Topic: Canoo