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.
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” of 194 employees from there to either Oklahoma or Texas. Then,…
