Workhorse Group is a manufacturing company that offers vehicle and aerial logistics solutions, transforming the way people receive packages.
Workhorse Group designs and produces battery-electric power trains for its new Workhorse chassis. Workhorse’s approach to building its battery electric power trains uses proven, automotive-grade, mass-produced parts coupled with its custom designed, proprietary control software. Workhorse Group is an original equipment manufacturer of class 3-6 Workhorse brand medium-duty truck chassis. Its assembly plant enables it to build the tried and true W62 chassis and the new, narrower-track W88 chassis at price points and performance specifications sure to be attractive to fleet purchasers.The company's product, The HorseFly™ UAV Delivery system, is a custom built, high efficiency octocopter-based delivery UAV that is fully integrated with electric delivery trucks. It follows the FAA guidelines for UAV operation. The system is designed such that a driver or driver’s assistant can maintain line-of-sight operation of the UAV delivery process.Workhorse Group was founded on 2007 and is headquartered in Loveland, Ohio.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Nov 10, 2022 | Grant | $115K | 1 | Michigan Economic Development Corporation | — | Detail |
Oct 12, 2020 | Post-IPO Debt | $200M | — | — | — | Detail |
Jun 30, 2020 | Post-IPO Debt | $70M | — | — | — | Detail |
Nov 22, 2019 | Post-IPO Equity | $41M | — | — | — | Detail |
Jun 10, 2019 | Post-IPO Equity | $25M | — | — | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Nov 22, 2022
Tropos Technologies
|
Series B | $10M | Automotive | Yes |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Michigan Economic Development Corporation | Yes | Grant |
Arosa Capital Management | Yes | Post-IPO Debt |