Last August, we reported that electric delivery van maker Canoo was relocating its headquarters from Torrance, California, to Justin, a city north of Fort Worth. At the time, Canoo had thousands of EV orders on the books from Walmart and other companies, along with test vehicles humming about for the USPS, U.S. Army, NASA, and more.
Tony Aquila
But after years of struggling to obtain funding, Canoo filed Chapter 7 bankruptcy in January and ceased operations, weeks after furloughing its workers and idling its factory in Oklahoma.
Now, according to a TechCrunch report, a new entity controlled by Canoo CEO Anthony Aquila aims to purchase “substantially all” of the company’s assets for $4 million in cash.
Under the proposed purchase, Aquila’s newly formed entity, WHS Energy Solutions, will receive Canoo’s manufacturing equipment, completed vehicles, intellectual property, contracts, and other inventory and assets, TechCrunch said.
The report added that Aquila has told the Canoo bankruptcy trustee that a “principal motivation” for buying the assets is his “desire to honor [Canoo’s] commitment to provide service and support for certain government programs.”
TechCrunch noted that it’s not clear what Aquila plans to do with Canoo’s assets if he successfully swings the transaction. You can learn more in the report here.
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R E A D N E X T
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Based out of its facility in Justin, a city north of Fort Worth, Canoo's HQ is within easy EV range of its DFW-based CEO, Tony Aquila. Now, with thousands of EV orders on the books from Walmart and other companies—and test vehicles humming about for the USPS, U.S. Army, NASA, and more—Canoo has some growing to do.
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The new Tern brand's inaugural vehicle model RC8, a groundbreaking battery electric Class 8 tractor tailored for the U.S. market, will be manufactured at Hexagon Purus' new facility in Mesquite
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With Cruise robotaxis already being tested in Dallas, more autonomous innovation is on the way to the city in 2024 and 2025 via a partnership between Uber and Austin-based Avride. Uber and Uber Eats customers may have the option to select a robotaxi for their next ride across town or a sidewalk robot to roll their favorite restaurant order home.
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Fast food keeps getting faster. Thanks to a new partnership between California's Serve Robotics and Wing, robots will soon be rolling down Dallas-area sidewalks, taking restaurant orders to be plucked skyward by a hovering Wing drone for deliveries "as much as 6 miles away."
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Starting later this month, Walmart app users in Frisco, Lewisville, and North Richland Hills can click "Shop drone-ready picks" on the Walmart app to launch Wing drone deliveries to their homes. Other recently unveiled tech has been rolling out, too.
