Workhorse Group
Ohio, United States · Automotive, Logistics, Manufacturing
Workhorse is a technology company focused on providing ground and air-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric trucks and drones. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet
Key facts
- Headquarters
- Ohio, United States
- Employees
- 150
- Industries
- Automotive, Logistics, Manufacturing
- Status
- Public (WKHS)
- Website
- workhorse.com
- Company page
Recent activity at Workhorse Group
- : SEC 8-K (7.01): On July 28, 2026, Workhorse Group Inc. announced a proposed mobile AI data center initiative through a press release. This initiative aims to leverage artificial intelligence technologies to enhance the company's data processing and operational capabilities. The announcement highlights the company's strategic shift towards integrating advanced technology in its operations, signaling potential future growth and innovation opportunities. The specifics regarding the investment amounts or detailed strategies are included in the accompanying exhibit, which was furnished with the filing.
- : Workhorse Appoints Davis as Chief Financial Officer
- : Workhorse Group Appoints Jody Davis as Chief Financial Officer
- : Workhorse Group Inc. Enters Amended Credit Agreements
- : SEC 8-K (1.01): On June 16, 2026, Workhorse Group Inc. executed Omnibus Amendment No. 2 to the Credit Agreements, which modifies both the Customer Order Credit Agreement and the Cash Flow Credit Agreement initially established on December 15, 2025. This amendment involves Workhorse as the borrower along with its subsidiaries as guarantors, and Motive GM Holdings II LLC serving as the lender. The amendment is significant as it is a continuation of adjustments made under the earlier Omnibus Amendment No. 1 dated April 25, 2026, and indicates ongoing negotiations or restructuring related to Workhorse's financial agreements, which could impact its operational financing strategies and liquidity. Key terms of the amendment could provide additional flexibility for capital management, although specific financial amounts involved in this latest agreement are not detailed in the filing.
- : Workhorse partners with InCharge Energy to launch a new EV fleet support program.
- : SEC 8-K (7.01): On March 9, 2026, Workhorse Group Inc. disclosed updates regarding its business and operations following the recent merger with Motiv Power Systems, Inc. The company posted a slide presentation and a letter to shareholders on its website. This communication aims to inform shareholders of developments since the merger, enhancing transparency and investor relations. The merger with Motiv represents a strategic move to expand Workhorse's capabilities in the electric vehicle sector, though specific financial terms of the merger were not disclosed in this filing.
- : Workhorse closes acquisition of Motiv Power Systems
- : SEC 8-K (5.02): On November 25, 2025, during the annual meeting of stockholders, Workhorse Group Inc. approved the Amended and Restated 2023 Long-Term Incentive Plan. This Plan allows for an increase of 1,500,000 shares of the Company’s common stock to be available for issuance. The Board of Directors had previously adopted this Plan on September 21, 2025, subject to stockholder approval. This approval signifies a strategic decision to enhance the incentive opportunities for employees and align their interests with shareholder value, potentially impacting future compensation arrangements and employee retention strategies.
- : SEC 8-K (5.02): On November 12, 2025, Workhorse Group Inc. held its 2025 Annual Meeting of Stockholders where they proposed nine initiatives, including a significant proposal related to a merger. This merger aims to enhance operational capabilities and market positioning. The event involved the approval process of key governance changes likely affecting the company's leadership structure, although specific details on the figures or strategic implications were not disclosed. The Annual Meeting itself is a pivotal event as it potentially results in significant shifts in control or direction for the company.
Workhorse Group funding history
| Date | Round | Amount |
|---|---|---|
| Oct 2020 | Venture | $200.0M |
| May 2018 | Seed | $1.4M |
| Dec 2015 | Venture | $13.5M |
| Nov 2015 | Venture | $8.8M |
| Sep 2015 | Seed | $1.1M |
Leadership
- Michael Gray, Director of Production Control & Logistics
- Duane Hughes, Executive Officer, Director
- Raymond Chess, Director
- Harry DeMott, Director
- Benjamin Samuels, Director
- Gerald Budde, Director
- Pamela Mader, Director
- Jacqueline Dedo, Director
- Michael Clark, Director
- H. Samuels, Director
- Gerald Budde, Director
- Harry DeMott, Director
Verified email and direct lines for Workhorse Group’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Workhorse Group files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Workhorse Group in the news
- Workhorse and Gateway Fleets Build on Fleet Operator Momentum with 200-Truck Expansion - GlobeNewswire (Sep 30, 2026)
- Workhorse Group Announces Planned Entry into Mobile AI Data Center Category - Yahoo Finance (Jul 28, 2026)
- Workhorse Appoints Jody Davis as Chief Financial Officer - citybiz (Jul 13, 2026)
- Tesla, Schmesla: Let’s Talk About Workhorse Electric Trucks - CleanTechnica (Mar 16, 2026)
- Workhorse Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4) - GlobeNewswire (Jul 20, 2026)
- Workhorse Group Sets Date for First Quarter Earnings Release and Conference Call - Yahoo Finance (Apr 29, 2026)
- Workhorse on the bubble, or is it worse? - FreightWaves (May 31, 2024)
- Workhorse Selects FC Cincinnati for its First Sports Sponsorship - FC Cincinnati (May 04, 2021)
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About Workhorse Group: questions and answers
What does Workhorse Group do?
Workhorse is a technology company focused on providing ground and air-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric trucks and drones. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet
Where is Workhorse Group headquartered?
Workhorse Group is headquartered in Ohio, United States.
How many employees does Workhorse Group have?
Workhorse Group has about 150 employees.
Has Workhorse Group raised funding?
Yes. Fundz has recorded 5 funding events for Workhorse Group. The most recent, $200.0M, was in Oct 2020.
What is the latest news on Workhorse Group?
On Jul 28, 2026, SEC 8-K (7.01): On July 28, 2026, Workhorse Group Inc. announced a proposed mobile AI data center initiative through a press release. This initiative aims to leverage artificial intelligence technologies to enhance the company's data processing and operational capabilities. The announcement highligh
Is Workhorse Group a public company?
Yes. Workhorse Group is publicly traded under the ticker WKHS.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy