About Worksport
Worksport is a company based in Vaughan (Canada) founded in 2011.. The company has 81 employees as of December 31, 2024. Worksport offers products and services including AL4 Hard Flip-Up Tonneau Cover, AL3 Tri-Fold Hard Cover, SC4 Soft Flip-Up Tonneau Cover, and SC3 Soft Tonneau Cover. Worksport operates in a competitive market with competitors including Tardif Diesel, Pinwood Truck Parts, Custom Truck Parts, Alpha Door Systems and Drive Products, among others.
- Headquarter Vaughan, Canada
- Employees 81 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Worksport, Ltd.
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Annual Revenue
$8.48 M454.67as on Dec 31, 2024
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Net Profit
$-16.16 M-8.27as on Dec 31, 2024
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EBITDA
$-13.73 M-0.72as on Dec 31, 2024
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Latest Funding Round
$5.08 M (USD), Post-IPO
May 17, 2021
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Investors
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Employee Count
81
as on Dec 31, 2024
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IPO & Listings of Worksport
Worksport is a publicly listed company on the NASDAQ with ticker symbol WKSP in USA, operating in the Producer manufacturing 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 Worksport
Worksport offers a comprehensive portfolio of products and services, including AL4 Hard Flip-Up Tonneau Cover, AL3 Tri-Fold Hard Cover, SC4 Soft Flip-Up Tonneau Cover, and SC3 Soft Tonneau Cover. 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.
Provides full bed access and durable protection for trucks.
Offers weather-resistant protection for truck cargo hauls.
Delivers easy installation and security for truck beds.
Ensures vinyl-based weather shielding for vehicle storage.
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Funding Insights of Worksport
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $5.1M
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First Round
First Round
(17 May 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Post-IPO - Worksport | 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 |
Investments & Acquisitions by Worksport
| 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 - Worksport
| 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 |
Worksport Comparisons
Competitors of Worksport
Worksport 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 Tardif Diesel, Pinwood Truck Parts, Custom Truck Parts, Alpha Door Systems and Drive Products, 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 |
Provider of parts, maintenance, and repair services for automobiles
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| domain | founded_year | HQ Location |
Truck and trailer parts are distributed by Pinwood Truck Parts.
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| domain | founded_year | HQ Location |
Truck accessories are retailed by Custom Truck Parts in Canada.
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| domain | founded_year | HQ Location |
Dock levelers, seals, shelters, and bumpers for trucks are supplied.
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| domain | founded_year | HQ Location |
Provides work trucks, accessories, and services for various commercial markets.
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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 Worksport
Frequently Asked Questions about Worksport
When was Worksport founded?
Worksport was founded in 2011 and raised its 1st funding round 10 years after it was founded.
Where is Worksport located?
Worksport is headquartered in Vaughan, Canada. It is registered at Vaughan, Ontario, Canada.
How many employees does Worksport have?
As of Dec 31, 2024, the latest employee count at Worksport is 81.
What is the annual revenue of Worksport?
Annual revenue of Worksport is $8.48M as on Dec 31, 2024.
What does Worksport do?
Worksport was established in 2011 and is headquartered in Vaughan, Canada. Manufacturing of parts for automotive trucks is conducted as the core operation within the automotive sector. Components such as tonneau covers and cargo systems are produced to support truck utilities. Distribution occurs primarily in North America, with the companys domain at worksport.com facilitating online access to product details and services.
Who are the top competitors of Worksport?
Worksport's top competitors include Tardif Diesel, Pinwood Truck Parts and Alpha Door Systems.
What products or services does Worksport offer?
Worksport offers AL4 Hard Flip-Up Tonneau Cover, AL3 Tri-Fold Hard Cover, SC4 Soft Flip-Up Tonneau Cover, and SC3 Soft Tonneau Cover.
Is Worksport publicly traded?
Yes, Worksport is publicly traded on NASDAQ under the ticker symbol WKSP.
What is Worksport's ticker symbol?
The ticker symbol of Worksport is WKSP on NASDAQ.
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