EVWire brief: Canoo, the now-bankrupt EV maker, is auctioning off assets and even vehicle prototypes from its EV engineering lab in Justin, Texas facility, the auction is set for August 6th, 2026. Here are some of the vehicle prototypes we spotted in the listing:
Notice how this one even has the Walmart logo on the side — Walmart partnered with Canoo in 2022 with the intention of buying 4,500 Lifestyle Delivery Vehicles. The troubles for Canoo were seen already before that, so this was hoped to be more of a lifeline… which didn’t pan out.
And then there’s the AT&T logo vehicle, this one in the LDV 190 trim. There wasn’t any official confirmation of AT&T and Canoo partnering up and we only had some rare sightings around their HQ, so we’re assuming the pilots just didn’t materialize.
One in black
And one in pick-up format:
Inside of the pickup they called Bulldog:
Now, this came in a little later, but Canoo also had some plans for the UK and even had a new location in the Bicester Motion automotive campus. This little sticker says it all:
What we don’t seem to see here is any assets Canoo bought from Arrival when it went bankrupt, ans also no sight of the rumored/spied sedan or sports car…
What happened and what’s next for Canoo? Without going into the full extent of the downfall, on January 17, 2025, Canoo filed for Chapter 7 bankruptcy.
Now, there’s still some unsealed fate on what’ll come of the company and what I guess are some of the remaining assets — Canoo has told the court that as of February 24 it had around $145 million in assets and $175 million in liabilities, and around $12 million in cash and equivalents.
About six weeks after the bankruptcy filing, the former CEO Anthony Aquila has offered, through his new entitiy, to purchase “substantially all” of the Canoo assets for $4 million in cash. The sale would also wipe clean a more-than-$11 million debt Canoo owed to a financial firm run by Aquila, which loaned money to the startup during its final months.
There was an investor, Charles Garson out of London, who asked the judge to stop the sale to Aquila saying $4M would be way too low and presented a $20M offer, which the judge has now turned down.
One of the auctions held in February 2025 already sold some of Canoo’s assets from their Torrence, CA facility. Among tools and assets were prototypes.
Source: BidItUp auction for Canoo
