Workhorse logo — Our Vision: To pioneer the transition to zero-emission comme...

Workhorse

Our Vision: To pioneer the transition to zero-emission commercial vehicles

Founded 2007 United States Sharonville, United States 211 employees Grant Total: $382.74M Manufacturing, Energy Storage +2

General Information

Company Name Workhorse
Founded Year 2007
Location United States Sharonville, United States
Employees 211
Industries Manufacturing, Energy Storage, Logistics and Delivery +1
Funding Stage Grant
Social

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About Workhorse

Workhorse is a pioneering technology company that focuses on providing all-electric work trucks and drones to the last-mile delivery sector. Since its establishment in 2007, the company has been committed to leading the transition to zero-emission commercial vehicles. Workhorse, an American original equipment manufacturer, is known for designing and building high performance, battery-electric vehicles, including trucks and aircraft. In addition to their innovative vehicles, the company develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with their vehicles, enabling fleet operators to optimize energy and route efficiency. With its headquarters in the United States, Workhorse aims to make the movement of people and goods more efficient and less harmful to the environment.

Workhorse's recent milestone includes a $115.00K grant investment received on 10 November 2022, with the Michigan Economic Development Corporation being the investing entity. This investment further solidifies Workhorse's position in the manufacturing industry, specifically in the development of sustainable, electric commercial vehicles. As the world moves towards environmentally friendly transportation solutions, Workhorse's vision and innovative products position the company as a key player in shaping the future of last-mile delivery. With their focus on sustainability and technological advancement, Workhorse is poised to make a significant impact in the industry, driving towards a greener and more efficient mode of transportation.

Business keywords: zero-emission vehicles, electric work trucks, drone delivery, American OEM, high-performance vehicles, battery-electric, telematics, performance monitoring, route optimization, environmentally friendly vehicles

Funding Rounds & Investors (10)

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Funding Stage Amount Investors Lead Investors Date
Grant $115.00K 1
Michigan Economic Development Corporation
10 Nov 2022
Post IPO Debt $200.00M 1
Antara Capital
12 Oct 2020
Post IPO Debt $70.00M -
30 Jun 2020
Post IPO Equity $41.00M -
22 Nov 2019
Post IPO Equity $25.00M -
10 Jun 2019
Post IPO Equity $35.00M 1
Marathon Fund
02 Jan 2019
Post IPO Debt $6.10M 1
Arosa Capital Management
10 Jul 2018
Post IPO Equity $1.44M -
03 May 2018
Venture Round $1.09M -
10 Sep 2015
Seed Round $3.00M -
11 Mar 2010

Workhorse Alternatives & Competitors

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FAQ About Workhorse

Our Vision: To pioneer the transition to zero-emission commercial vehicles
Workhorse was founded in 2007.
Workhorse is headquartered in Sharonville, United States.
Workhorse operates in Manufacturing, Energy Storage, Logistics and Delivery and Automotive. Its work centres on zero-emission vehicles, electric work trucks, drone delivery and American OEM.
Workhorse has approximately 211 employees.
Workhorse has completed 10 funding rounds, raising a total of $382.74M. The latest funding stage is Grant.
Top alternatives and competitors to Workhorse include Hino Trucks, Lion Electric, CAKE – ridecake.com, SAS ZE COMBI, Elektron Motors. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Workhorse and Hino Trucks are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Workhorse, https://bouncewatch.com/company/workhorse, updated 28 November 2024. When citing, please name BounceWatch and link this page.

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