News Summary

After filing for bankruptcy in January 2025, Canoo, an electric vehicle startup, saw its assets acquired by former CEO Tony Aquila in April. NASA and the United States Postal Service (USPS), which had previously utilized Canoo’s electric vans, have ceased their use despite Aquila’s intent to support existing government programs. NASA has switched to Airstream-built vehicles, while the USPS completed its evaluation of Canoo vehicles and chose not to invest further. The acquisition process involved multiple interested parties, including Harbinger, an electric trucking company, and a UK financier, Charles Garson. However, Aquila’s bid was accepted due to its firmness and potential concerns about foreign ownership affecting government contracts.