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Canoo to Go Public in $600 Million SPAC Deal

L.A. Business Journal

Torrance-based electric vehicle developer Canoo Inc. has announced plans to go public through a reverse merger in a deal designed to provide $600 million in total capital.

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Intellisense Spins Out Of Physical Optics Corporation

socalTECH

Torrance-based Physical Optics Corporation (POC), a military, defense, and security integrator, said this morning that it has spun off a new company called Intellisense Systems, Inc. According to POC, Intellisense Systems will also be based in Torrance, and will employ 83 people, with $24M in revenues.

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The Station: Canoo hits the road, Coup shutters and Samsung shifts

TechCrunch LA

The bulk of the beta testing is expected to take place over the next six months in various locations, including near Canoo’s Torrance, California headquarters, Toyota’s Arizona proving grounds and on public roads in Ohio. Canoo is building a fleet of more than 30 beta vehicles for various types of testing.

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Interview with Satish Varma, Clorder

socalTECH

For our startup interview this morning, we caught up with Satish Varma , co-founder of Torrance-based Clorder (www.clorder.com), which is developing restaurant ordering software. Satish co-founded Clorder with Sridhar Sambangi, who was the Chief Architect of Cornerstone OnDemand. We started our services in August of 2012.