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TechCrunch
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Canoo furloughs workers and idles factory as it scrapes for cash
- EV startup Canoo has furloughed 82 employees and idled its factory in Oklahoma.
- The company is seeking emergency funding and is in advanced discussions with various capital sources.
- Canoo has faced multiple layoffs, office closures, and lawsuits from suppliers.
- The company has delivered electric vans for testing but has struggled to ramp up manufacturing for commercial customers.
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