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.
- Annual Revenue$21.28 M (USD)160.37as on Dec 31, 2025
- Net Profit-$64.54 M (USD)-7.41as on Dec 31, 2025
- EBITDA-$46.35 M (USD)-16.59as on Dec 31, 2025
- Latest Funding Round$3.5M (USD), Post-IPO
Jan 2025
- InvestorsMarathon Asset Management
& 2 more
Products & Services of Workhorse Group
Workhorse Group offers a comprehensive portfolio of products and services, including W4 CC, W750, and W56.
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.
Apps and channels of Workhorse Group
its YouTube channel Workhorse has 1.25K subscribers and 30 videos.
Videos from Workhorse Group
The most watched videos on Workhorse Group's YouTube channel, Workhorse (1.25K subscribers). Click a video to play it here.
More on Workhorse.
Funding Insights of Workhorse Group
- Total Rounds 22
- Last Round Post-IPO — $3.5M
- First Round $50.47M
(Sep 2009)
- Investors Count 3
Latest 10 of 22 funding rounds of Workhorse Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $3.5M | Post-IPO | – | – | – |
| Oct 2020 | $200M | Post-IPO | – | – | – |
| Jun 2020 | $70M | Post-IPO | – | – | – |
| Nov 2019 | $41M | Post-IPO | – | – | – |
| Jul 2019 | – | Post-IPO | – | – | – |
| Jun 2019 | $25M | Post-IPO | – | – | – |
| Jan 2019 | $35M | Debt – Conventional | – | – | |
| Jul 2018 | $6.1M | Debt – Conventional | – | – | |
| Apr 2018 | $1.44M | Post-IPO | – | – | – |
| Dec 2015 | $13.5M | Post-IPO | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Arosa Capital Management is engaged in energy sector investments. | 2013 | arosacapital.com | Miami Beach, United States | |
Diversified investment management services are provided across asset classes. | 1998 | marathonfund.com | New York, United States | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | – | osti.gov | Oak Ridge, United States |
Investor details for Workhorse Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Workhorse Group
47 people are tracked at Workhorse Group (20 in leadership, 9 in board & advisors, 18 in team).
| Name | Role | Group |
|---|---|---|
Steve Burns | Founder & CEO | Leadership |
Robert Ginnan | CFO | Leadership |
Dave Bjerke | VP, Product Development | Leadership |
John Graber | President, Aerospace | Leadership |
Brad Hartzell | VP, Manufacturing | Leadership |
Ryan Gaul | President, Commercial Vehicles | Leadership |
Jim Harrington | Chief Administrative Officer, General Counsel & Secretary | Leadership |
Gregory Ackerson | Chief Accounting Officer & Corporate Controller | Leadership |
Stan March | VP, Corporate Development & Communications | Leadership |
Richard Dauch | CEO | Leadership |
Josh Anderson | Executive Vice President Of Operations | Leadership |
Joseph McCulloch | Vice President Of Production & Supply Chain - Aero | Leadership |
Lori Cornelius | Director Of Accounting Operations | Leadership |
Scott Loomis | Vice President, Quality And Aftersales Support | Leadership |
Robin Ollis | Director: Manufacturing Engineering | Leadership |
Michael Gray | Director Of Production Control & Logistics | Leadership |
Jason Chambers | Director, Regional Sales - West | Leadership |
Kelly Kiger | Vice President, Commercial Vehicle Sales | Leadership |
Brandon Cooley | Director Of Fp&a | Leadership |
Anthony Furey | Vice President Finance | Leadership |
27 more people are available in the full profile.
Complete people profiles for Workhorse Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
- IPO date08 Dec 2025
- Listed onLSE: 0A3U
- Listed entityWorkhorse Group, Inc.
- Exchange sectorConsumer durables
Timeline of Workhorse Group
4 dated milestones of Workhorse Group across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Workhorse Group is founded.
- Funding First funding round of $50.5M.
- Funding Latest funding round, Post-IPO, of $3.5M.
- IPO Lists on the stock exchange (IPO).
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plus.ai | 2016 | San Francisco, United States | $720M | 146 | Self-driving technology for commercial trucks is developed by PlusAI. | |
| volansi.com | 2015 | Concord, United States | $70.12M | 50 | VTOL drone delivery solutions for logistics are provided. | |
| gatik.ai | 2011 | San Francisco, United States | $151.6M | – | AI-enabled platform offering self-driving delivery trucks and delivery management system | |
| flyzipline.com | 2011 | San Francisco, United States | $831.3M | 496 | Drones are operated for on-demand delivery of medical supplies. | |
| flytrex.com | 2013 | Tel Aviv, Israel | $58.5M | – | Cloud-based on-demand drone delivery for e-commerce is provided. | |
| kodiak.ai | 2018 | Palo Alto, United States | $165M | – | Autonomous trucks are developed for long-haul freight transport. | |
| arrival.com | 2015 | London, United Kingdom | $111.41M | 495 | Multi-category commercial electric vehicles, including buses and vans, are manufactured. | |
| tusimple.com | 2015 | San Diego, United States | $640M | 1,058 | Self-driving truck solutions are developed using AI technology. | |
| elroyair.com | 2016 | San Francisco, United States | $116.15M | 24 | Autonomous aircraft systems are developed for cargo delivery operations. | |
| dartfleet.com | 2016 | Chesapeake, United States | $2.3M | – | AI-powered unmanned air traffic control systems are provided. |
Detailed competitors of Workhorse Group
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Workhorse Group
The website of Workhorse Group (workhorse.com) receives about 13.4K visits a month.
- Monthly visits13.4K
▼ 17.8% vs previous month
Websites whose visitors overlap most with Workhorse Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| navistardefense.com | 100% | – | – | View details | |
| alke.com | 72% | 16.8K | #1,458,998 | View details | |
| xostrucks.com | 69% | 11.5K | #3,189,181 | View details | |
| mahindra.com | 66% | 4.5M | #12,840 | View details | |
| winnebagoparts.com | 62% | 680.7K | #3,365,045 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Workhorse Group
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Workhorse Group
Complete news archive for Workhorse Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Workhorse Group
10 companies that operate in the same segment as Workhorse Group (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about Workhorse Group
Workhorse Group was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Workhorse Group is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Steve Burns is the current CEO of Workhorse Group. They have also founded this company.
Annual revenue of Workhorse Group is $21.28M as on Dec 31, 2025.
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.
Workhorse Group offers W4 CC, W750, and W56.
Yes, Workhorse Group is publicly traded on NASDAQ under the ticker symbol WKHS.
Workhorse Group has 3 investors. Key investors include Marathon Asset Management, Arosa Capital Management, and OSTI.GOV.
Workhorse Group operates through Workhorse Group.