Draft horse

Workhorse Strengthens Financial Position with Convertible Note Transaction

Retrieved on: 
Tuesday, March 19, 2024
Form, Sale, Security (finance), Prospectus, Form S-3, Draft horse

In connection with the agreement, the Company completed a registered direct offering pursuant to which it issued and sold to the Investor a $9 million note and related warrants (the “March Securities”).

Key Points: 
  • In connection with the agreement, the Company completed a registered direct offering pursuant to which it issued and sold to the Investor a $9 million note and related warrants (the “March Securities”).
  • The sale of the March Securities provides Workhorse immediate liquidity which is being used to fund operations and redeem the remaining $2,500,000 in aggregate principal amount of its existing Green Senior Secured Convertible Note.
  • The March Securities were offered in the registered direct offering pursuant to a registration statement on Form S-3 (File No.
  • 333-273357), which was declared effective by the Securities and Exchange Commission (the “SEC”) on July 28, 2023.

Workhorse Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 12:00 p.m. ET

Retrieved on: 
Friday, March 1, 2024
Gateway Group, Draft horse

Financial results will be issued in a press release prior to the call.

Key Points: 
  • Financial results will be issued in a press release prior to the call.
  • Workhorse management will host a presentation, followed by a question-and-answer period.
  • If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.
  • A telephonic replay of the conference call will be available after 3:00 p.m. Eastern time on the same day through March 19, 2024.

Workhorse Group Adds Riverview International Trucks as its Fifth California Dealer

Retrieved on: 
Thursday, February 22, 2024
HVIP, EV, Original equipment manufacturer, W56, Draft horse, Partnership

CINCINNATI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has added Riverview International Trucks (“Riverview”) as its latest vehicle dealer, bringing the Company’s total dealer count in California to five.

Key Points: 
  • CINCINNATI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has added Riverview International Trucks (“Riverview”) as its latest vehicle dealer, bringing the Company’s total dealer count in California to five.
  • With locations in West Sacramento and Redding, Riverview is a family owned and operated full-service heavy-duty truck dealership that has been serving Northern California since 1981.
  • Riverview’s customer-first approach has allowed it to forge longstanding partnerships with leading businesses in California.
  • “This strategic partnership represents another step forward in our ongoing expansion efforts in California,” said Workhorse CEO Rick Dauch.

Workhorse Group Partners with Zeem Solutions to Expand Service and Support Options for Workhorse Customers

Retrieved on: 
Thursday, February 15, 2024
EV, OEM, Zeem language, Quality, Draft horse, City, Airline

CINCINNATI, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, has partnered with Zeem Solutions (“Zeem”) to provide additional Workhorse certified service options for fleet operators and customers.

Key Points: 
  • CINCINNATI, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, has partnered with Zeem Solutions (“Zeem”) to provide additional Workhorse certified service options for fleet operators and customers.
  • Zeem's electric vehicle (“EV”) technicians will work hand-in-hand with Workhorse’s technical team to respond quickly to service requests and maintain industry-leading uptime.
  • Zeem currently operates out of its flagship hub in Los Angeles, California with plans to expand and build additional hubs throughout the country.
  • Workhorse customers already operating their own managed fleets now have the option to work with Zeem specifically for service and maintenance.

Workhorse Group Names W.W. Williams as a Service Provider for Electric Vehicles

Retrieved on: 
Monday, January 29, 2024
Quality, Draft horse, Renewable energy

CINCINNATI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will partner with The W.W. Williams Company LLC (“Williams”) to be a service provider for Workhorse electric vehicles.

Key Points: 
  • CINCINNATI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will partner with The W.W. Williams Company LLC (“Williams”) to be a service provider for Workhorse electric vehicles.
  • Williams will initially offer service through its Power Products Systems Division located in Wakefield, Massachusetts, with the potential for additional locations as Workhorse continues to grow its customer base.
  • “Williams provides Workhorse customers an expanded network of reliable service for our entire fleet of electric vehicles – benefiting from their over 100 years of dedicated service, depth of experience, and support offerings.”
    “This is an exciting opportunity for us to further deepen our presence in the growing electric truck sector.
  • Partnering with Workhorse is another opportunity to demonstrate that W.W. Williams is a leader in the ever-growing world of electric vehicles,” said Mike Houston, National Sales Manager for Williams.

Workhorse Group Receives Second Fleet Order for W56 Step Van

Retrieved on: 
Thursday, January 11, 2024
Sale, Foot, Safety, W56, Draft horse, Airline

CINCINNATI, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has received its second fleet purchase order for the W56 step van from a leading commercial fleet operator.

Key Points: 
  • CINCINNATI, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has received its second fleet purchase order for the W56 step van from a leading commercial fleet operator.
  • The W56 step van also offers a large 1,000+ cubic foot cargo box with lowered step-in and wide cabin door for easier entry and exit.
  • “With this new fleet order, we are building momentum and ramping up sales for our purpose-built Class 5/6 vehicle,” said Workhorse CEO Rick Dauch.
  • “This is our second conversion from a demo vehicle trial to a sale for the W56 since we started production in September.

Workhorse Group Receives HVIP Approval from California Air Resources Board for the W56

Retrieved on: 
Wednesday, January 3, 2024
W56, CARB, Hybrid, Draft horse, HVIP, EV, Renewable energy

The HVIP incentive program reduces cost barriers for EV ownership in California to help transition the state to zero emissions.

Key Points: 
  • The HVIP incentive program reduces cost barriers for EV ownership in California to help transition the state to zero emissions.
  • Through the HVIP incentive program, vehicle purchasers and participating dealers are eligible to apply for a base voucher of $85,000 per W56 purchased.
  • The Company began production of the W56 in September 2023 and recently received its first fleet purchase order for W56 step vans in California.
  • With the HVIP approval and capacity to build up to 5,000 W56 units per year, Workhorse is well positioned to advance our product roadmap and drive growth.”

Workhorse Highlights Achievements in 2023 Year-End Letter to Shareholders

Retrieved on: 
Thursday, December 21, 2023
FedEx Ground, Running, OEM, W56, CARB, NYTVIP, HRM, Certification, Aero, Stable, FedEx, Draft horse, FMVSS, EV

I would first like to take a moment to say thank you for your ongoing engagement, patience and feedback throughout 2023.

Key Points: 
  • I would first like to take a moment to say thank you for your ongoing engagement, patience and feedback throughout 2023.
  • As we head toward year end, I wanted to reflect on the year and provide an update on recent achievements and the opportunities ahead.
  • We believe we are well prepared to meet the needs of our customers as EV adoption increases.
  • Thank you for your continued support, and wishing you and your families all the best as we head into 2024.

Workhorse Group Receives First Fleet Order for W56 Step Van

Retrieved on: 
Wednesday, December 20, 2023
Foot, Corporate services, Draft horse, Senior

The W56 step van also offers a large 1,000+ cubic foot cargo box with lowered step-in and wide cabin door for easier entry and exit.

Key Points: 
  • The W56 step van also offers a large 1,000+ cubic foot cargo box with lowered step-in and wide cabin door for easier entry and exit.
  • “This purchase order marks an important milestone for Workhorse as we commercialize our purpose-built Class 5/6 vehicle,” said Workhorse CEO Rick Dauch.
  • “Following the start of W56 step van production in September, we were able to deliver a fully outfitted demo vehicle to Mission Linen Supply in just six weeks.
  • The W56 performed well in field tests and their team quickly saw that we have engineered an incredibly capable and reliable delivery van.

Workhorse Group Expands West Coast Presence, Adding The Truck Shop as its Latest Dealer

Retrieved on: 
Tuesday, December 19, 2023
Pacific Northwest, Truck, Draft horse

With locations in Washington and Oregon, The Truck Shop expands Workhorse’s dealer network on the West Coast and serves as a gateway to sales in the Pacific Northwest.

Key Points: 
  • With locations in Washington and Oregon, The Truck Shop expands Workhorse’s dealer network on the West Coast and serves as a gateway to sales in the Pacific Northwest.
  • In addition to selling vehicles, The Truck Shop repairs and services medium and heavy-duty trucks.
  • “The Truck Shop is a well-respected partner for fleet operators and has decades of experience operating in the region.
  • We are proud to be a Workhorse dealer and look forward to working with their team.”