About Workhorse Group
Workhorse Group is a company based in Cincinnati (United States) founded in 2007 by Steve Burns.. Workhorse Group offers products and services including W4 CC, W750, and W56. Workhorse Group operates in a competitive market with competitors including PlusAI, Volansi, Gatik, Zipline and Flytrex, among others.
- Headquarter Cincinnati, United States
- Founders Steve Burns
- Stage Public
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Workhorse Group
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$3.5 M (USD), Post-IPO
Jan 27, 2025
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Investors
Marathon Asset Management
& 2 more
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Employee Count
Employee Count
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IPO & Listings of Workhorse Group
Workhorse Group is a publicly listed company on the NASDAQ with ticker symbol WKHS in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Workhorse Group
Workhorse Group offers a comprehensive portfolio of products and services, including W4 CC, W750, and W56. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cab chassis truck for upfitting and customization needs.
Durable class 4 van for reliable commercial delivery tasks.
Zero-emission truck with cargo capacity for fleet operations.
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Funding Insights of Workhorse Group
- Total Funding Total Funding
- Total Rounds 22
- Last Round Post-IPO — $3.5M
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First Round
First Round
(30 Sep 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Post-IPO - Workhorse Group | Valuation |
investors |
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| Oct, 2020 | Amount | Post-IPO - Workhorse Group | Valuation |
investors |
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| Jun, 2020 | Amount | Post-IPO - Workhorse Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Workhorse Group
Workhorse Group has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Marathon Asset Management, Arosa Capital Management and OSTI.GOV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Arosa Capital Management is engaged in energy sector investments.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided across asset classes.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Workhorse Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Workhorse Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Workhorse Group Comparisons
Competitors of Workhorse Group
Workhorse Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlusAI, Volansi, Gatik, Zipline and Flytrex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-driving technology for commercial trucks is developed by PlusAI.
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| domain | founded_year | HQ Location |
VTOL drone delivery solutions for logistics are provided.
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| domain | founded_year | HQ Location |
AI-enabled platform offering self-driving delivery trucks and delivery management system
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| domain | founded_year | HQ Location |
Drones are operated for on-demand delivery of medical supplies.
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| domain | founded_year | HQ Location |
Cloud-based on-demand drone delivery for e-commerce is provided.
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| domain | founded_year | HQ Location |
Autonomous trucks are developed for long-haul freight transport.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Workhorse Group
Frequently Asked Questions about Workhorse Group
When was Workhorse Group founded?
Workhorse Group was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Workhorse Group located?
Workhorse Group is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Who is the current CEO of Workhorse Group?
Steve Burns is the current CEO of Workhorse Group. They have also founded this company.
What does Workhorse Group do?
Workhorse Group was established in 2007 in Cincinnati, United States, focusing on the electric vehicle and drone sector for last-mile delivery. Electric utility vans in the C-series are produced, incorporating dual battery packs, permanent magnet motors, anti-locking brakes, payload handling, and shock absorption. Drones are developed with autonomous flight, four rotors, remote operation, LTE connectivity, GPS, and compass systems. Delivery monitoring is enabled through a dedicated app.
Who are the top competitors of Workhorse Group?
What products or services does Workhorse Group offer?
Workhorse Group offers W4 CC, W750, and W56.
Is Workhorse Group publicly traded?
Yes, Workhorse Group is publicly traded on NASDAQ under the ticker symbol WKHS.
Who are Workhorse Group's investors?
Workhorse Group has 3 investors. Key investors include Marathon Asset Management, Arosa Capital Management, and OSTI.GOV.
What is Workhorse Group's ticker symbol?
The ticker symbol of Workhorse Group is WKHS on NASDAQ.