January 17, 2017 5:27 AM ET

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Company Overview of Workhorse Group Inc.

Company Overview

Workhorse Group Inc., a technology company, engages in the design, development, manufacture, and sale of electric medium duty trucks and unmanned aerial delivery systems that are integrated with electric vehicles. The company’s products are used for commercial step vans in package delivery, product delivery, laundry and uniform service, food service, utility, and special use industries; medium duty buses, including para-transit, shuttle, and school buses; special use vehicles, such as emergency vehicles, wreckers, construction equipment, communications equipment, and military base application vehicles; and recreational vehicles. It also produces chassis with electric, propane, compressed nat...

100 Commerce Drive

Loveland, OH 45140

United States

Founded in 2007

15 Employees

Phone:

513-360-4704

Key Executives for Workhorse Group Inc.

Co-Founder, Chief Executive Officer, Treasurer, Secretary and Director
Age: 56
Total Annual Compensation: $275.0K
Chief Financial Officer
Age: 57
Total Annual Compensation: $150.0K
President of Workhorse Aerospace
Age: 57
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2015.

Workhorse Group Inc. Key Developments

Workhorse Group Inc. to Unveil W-15 Electric Pickup Concept Truck in May 2017

Workhorse Group Inc. announced that it will present a working concept truck of the W-15 electric pickup work truck with range extender for fleet usage, at the ACT EXPO Conference May 1-4, 2017 in Long Beach, CA. The new Workhorse W-15 light duty platform design is an extension of the E-Gen electric technology used in Workhorse medium-duty delivery trucks.  With an expected 80 mile battery range using proven battery packs, the Workhorse W-15 light duty design expects to provide economical, clean and powerful performance. Believed to be the first plug-in range-extended electric pickup truck built from the ground up by an OEM, the W-15's goal is to be the safest pickup truck on the market with its large frontal crumple zone and low center of gravity. The Workhorse W-15 electric truck is expected to lower emissions. In developing the W-15, goal is to deliver lower total cost of ownership (TCO) to fleets through lower fueling and maintenance costs.

Cintas Corporation to Deploy Workhorse E-GEN Step Van in Field Test

Cintas Corporation announced that it will deploy a Workhorse E-GEN hybrid electric step van in its fleet operations for a six-month field test in Cincinnati, Ohio. This six-month field test will enable Cintas to deploy the vehicle in a real-world environment on delivery and service routes, with the potential to add more trucks being deployed in additional routes in Cintas’ national fleet system. The Workhorse E-GEN step van is the first of its kind: purpose-built for the daily delivery and service vehicle market. It offers more than three times the miles per gallon than typical gasoline-powered step vans in use today. The E-GEN power train is unique in that it employs a 2200 nm permanent magnet motor/generator for propulsion plus a small internal combustion engine that turns a small electric motor to recharge the battery pack when the state of charge reaches a pre-determined level.

Workhorse Group Inc. to Report Q3, 2016 Results on Nov 14, 2016

Workhorse Group Inc. announced that they will report Q3, 2016 results Pre-Market on Nov 14, 2016

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 10, 2017
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