EV startup takes on Canoo says It has furloughed 82 employees and is keeping its plant in Oklahoma idled while it obtains the capital it needs to survive. The company claims it is in "advanced discussions with various capital sources" to raise emergency financing.

The announcement comes just days after board member James Chen resigned and nearly a month after the company left the company. saw its chief financial officer and chief lawyer leave. Canoo also faces multiple lawsuits Due to claims of late payment from suppliers.

The new permits cap a challenging year for the startup. The company suffered numerous layoffs and furloughs and closed its Los Angeles office, which formerly served as its headquarters. Canoo's chief technology officer I left in Augustand all the founders of the company are now gone. Meanwhile, it happened kept afloat with loans From the venture firm led by CEO Tony Aquila.

It's unclear what Canoo was doing there before deciding to cease operations in Oklahoma. So far, the company has delivered electric pickup trucks for testing to NASA, USPS, Walmart and the Department of Defense. But it failed in its broader goals of increasing production for other commercial customers.

In an unsigned statement, Canoo said: "We regret having to furlough our employees, especially over the holidays, but we have no choice at this point. We hope to be able to get them back to work soon." Aquila did not immediately respond to a request for comment.