Summary
- Canoo, an EV startup, is facing two lawsuits from suppliers related to drivetrains for its electric vehicles
- The company is going through a reorganization and seeing key personnel depart, including the last remaining co-founder
- The lawsuits were filed in September in Michigan and involve unpaid bills totaling over $1.4 million
- Canoo’s financial situation is tight with just over $19 million in cash as of June 30, 2024