Connect with us

Hi, what are you looking for?

Major Financial PartnerMajor Financial Partner

Tech News

Canoo is down to one co-founder as its CTO reportedly leaves

A photo showing a Canoo EV
Image: Canoo

EV startup Canoo has lost co-founder and chief technology officer Sohel Merchant and is moving its operations out of Los Angeles, according to two reports from TechCrunch this week, citing unnamed sources.

Merchant took over the CTO position in 2021, when the company’s CTO left, along with two other co-founders. One of those who remained, chief designer Richard Kim, departed last year. With Merchant now reportedly gone, chief engineer Christoph Kuttner is the last founder standing at Canoo, according to TechCrunch yesterday.

Canoo wrote in a quarterly SEC filing on August 14th that it was “permanently” dropping its headcount as part of a reorganization plan for its Torrance, California facility, and offering to move “approximately 137”…

Continue reading…

You May Also Like

Business

After years of investing in self-checkout machines, some major retailers are starting to reverse course. Dollar General said it has eliminated self-checkout options at...

Editor's Pick

It was a very interesting week indeed. All-time high records continued to fall on a daily basis, but the complexion of the market most...

Editor's Pick

As a long-term stock trader, there’s one development in the stock market that takes me, and many others, to our collective knees. It’s a...

World News

Not a worthy business partner. “Unfit” for the White House. “Con artist.” These are not the words of Democrats attacking Donald Trump, but comments...