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Jan 17 (Reuters) - Canoo (GOEV.O), opens new tab said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately.
The EV startup has been dealing with rapid cash burn and has struggled to raise additional funding amid uncertain demand for its microbus-inspired cargo vans.

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Reporting by Akash Sriram and Gursimran Kaur in Bengaluru; Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Trust Principles., opens new tab


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