Workhorse Group, Inc
WKHSWorkhorse Group, Inc. is an American technology company that specializes in electric delivery vehicles and fleet management solutions. Founded in 2007, the company focuses on developing sustainable, zero-emission transportation options for commercial use, including electric trucks, drones, and related software. Workhorse's innovative approach aims to revolutionize last-mile delivery and logistics.
Company News
Workhorse Group shareholders voted to approve a merger with Motiv Electric Trucks, aiming to create a leader in medium-duty electric vehicle market. The transaction is expected to close in the coming weeks, pending regulatory approvals and financing arrangements.
Law firm Halper Sadeh LLC is investigating potential securities law violations and fiduciary duty breaches for several companies involving mergers and sales transactions.
Workhorse Group reported Q2 2025 results with record vehicle deliveries of 32 trucks, revenue exceeding expectations at $5.7 million, and reduced operating expenses. Despite progress, the company continues to face challenges with negative gross margins and limited cash liquidity.
Canoo's stock has stabilized recently after a steep decline earlier this year, but its balance sheet with little cash raises concerns about potential dilution. The company has made progress, including an FTZ deal and orders from major companies, but its financial position remains a significant risk.
Workhorse (WKHS) joins hands with Eco Auto, located in Tewksbury, MA, to expand its Certified Dealer Network.
