Annual report pursuant to Section 13 and 15(d)

State Incentive Arrangements

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State Incentive Arrangements
12 Months Ended
Dec. 31, 2023
Statement of Financial Position [Abstract]  
State Incentive Arrangements State Incentive Arrangements
In February 2022, the Company was awarded a state incentive from the Oklahoma Governor's Quick Action Closing Fund which was amended to $7.5 million in August 2023 by the Oklahoma Department of Commerce ("ODOC"). The funding supports the location of a manufacturing facility, a tech hub, a customer service and financial center, and a software development center in Oklahoma ("Oklahoma Facilities"), and is payable to Canoo over time based on the Company's capital investment and hiring at the Oklahoma Facilities. As of December 31, 2023, no funding has been received. As of December 31, 2023, the Company met the first hiring condition and therefore entitled to receive $1.0 million in incentives from the ODOC.