October 22, 2016 7:52 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



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 Signs Multi-Year Supply Agreement with BMW

Workhorse Group has signed a multi-year supply agreement with BMW for its i3 range extender (REx) units for the Workhorse E-Gen electric delivery vehicle. Financial terms of the deal were not disclosed.

Workhorse Group Gets Order for 200 Additional E-Gen Hybrid Electric Trucks for UPS Fleet

Workhorse Group received an order to produce 200 additional E-Gen hybrid electric delivery trucks for an alternative fuel and advanced technology fleet of UPS (UPS).

United States Postal Service Awards NGDV Prototype Contract to VT Hackney and Workhorse Group Inc

A partnership of Workhorse Group Inc. and VT Hackney has been selected as one of six manufacturers awarded a prototype contract by the United States Postal Service (USPS) to build and deliver prototype vehicles for the Next Generation Delivery Vehicle (NGDV) Program. VT Hackney will build the body of the prototype vehicles while Workhorse Group will provide the chassis and powertrain. The VT Hackney/Workhorse prototypes will be delivered as both two-wheel drive and four-wheel drive vehicles.

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Recent Private Companies Transactions

Private Placement
November 6, 2015

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