Sohel Merchant, a founding member of Canoo and its CTO, has left the company amid a significant reorganization and a shift in strategic direction.
Canoo has undergone constant changes since its SPAC merger in 2020, shifting focus from the consumer electric van market to targeting commercial EVs.
The company is dealing with a cash crunch and has yet to solidify significant deals despite plans for manufacturing in Oklahoma and testing for federal agencies.
Canoo's leadership under CEO Tony Aquila has seen multiple strategic pivots, including stalled moves to Bentonville, Arkansas, and a partnership with Walmart.
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