MAGTEC/Magnetic Systems Technology Ltd
Tailored Engineering Solutions for Electric Vehicle Drive Systems.
89 employees · est. 1992 · Rotherham, United Kingdom
Workhorse
Our Vision: To pioneer the transition to zero-emission commercial vehicles
211 employees · est. 2007 · Sharonville, United States
MAGTEC/Magnetic Systems Technology Ltd is the older company (1992 vs 2007); Workhorse is the larger of the two.
Side-by-Side Comparison
| Metric | MAGTEC/Magnetic Systems Technology Ltd | Workhorse |
|---|---|---|
| Founded | ||
| Founded | 1992 older | 2007 |
| Headquarters | ||
| Headquarters | Rotherham, United Kingdom | Sharonville, United States |
| Employees | ||
| Employees | 89 | 211 larger |
| Industry | ||
| Industry | Manufacturing, Autonomous and Sensor Tech, Automotive | Manufacturing, Energy Storage, Logistics and Delivery |
| Funding Stage | ||
| Funding Stage | Grant | Grant |
| Total Funding | ||
| Total Funding | $7.47M | $382.74M |
| Funding Rounds | ||
| Funding Rounds | 2 | 10 |
| Services | ||
| Services | Not tracked yet | Not tracked yet |
| Target Customers | ||
| Target Customers | Not tracked yet | Not tracked yet |
| Taxonomy | ||
| Taxonomy | Electric Drive Systems, Commercial Vehicles, Engineering Solutions, Vehicle Types, Off-Road Vehicles, Military Vehicles, UK, Sheffield, Components, Electric Vehicles, Technology, Innovation | Zero-emission Vehicles, Electric Work Trucks, Drone Delivery, American OEM, High-performance Vehicles, Battery-electric, Telematics, Performance Monitoring, Route Optimization, Environmentally Friendly Vehicles |
| Website | ||
| Website | magtec.co.uk | workhorse.com |
About MAGTEC/Magnetic Systems Technology Ltd
MAGTEC - Tailored engineering solutions for electric drive systems for commercial vehicles. Magtec, founded in 1992, is a UK based company specialized in designing and manufacturing electric drive systems and components for various vehicle types, including off-road multi-wheeled and tracked military...
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...
We will tell you when either one moves
BounceWatch watches MAGTEC/Magnetic Systems Technology Ltd and Workhorse for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at MAGTEC/Magnetic System... and Workhorse — by email.
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Compiled from the BounceWatch company index. We last looked at MAGTEC/Magnetic Systems Technology Ltd on 12 Sep 2024, and Workhorse on 12 Sep 2024. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.