Canoo Inc. Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

12 Months Ended

Dec. 31, 2020

5. Property and Equipment, net

Property and equipment, net consisted of the following (in thousands):


	December 31,
	2020		2019
Machinery and equipment	$	15,292	$	8,946
Computer hardware		2,464		2,396
Computer software		5,159		3,675
Vehicles		63		95
Furniture and fixtures		519		512
Leasehold improvements		14,559		16,197
Construction-in-progress		5,283		—
		43,339		31,821
Less: Accumulated depreciation		(12,913)		(5,811)
Property and equipment, net	$	30,426	$	26,010

Depreciation expense for property and equipment was $7.1 million and $4.7 million for the years ended December 31, 2020 and 2019, respectively.