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Workhorse's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Workhorse is a designer and manufacturer of electric vehicles such as powertrains and truck chassis for the transportation industry. Read more

Duane Hughes's photo - CEO of Workhorse

CEO

Duane Hughes

CEO Approval Rating

78/100

Founded:

2007

Status:

PublicNASDAQWKHS

SIC Code:

3537 NAICS listing »

Annual Revenue
Employees
Sector
Truck Manufacturers
Headquarters

TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Workhorse's top 14 competitors are Rivian, Nikola, FF, Volocopter, EHang, VIA Motors, Freight Liner Trucks, Tropos Technologies, Fisker, Boulder Electric Vehicle, Tesla, StreetScooter, Alke Electric Vehicles and Lucid. Together they have raised over 17.2B between their estimated 53.3K employees. Workhorse has 98 employees and is ranked 10th among it's top 10 competitors. The top 10 competitors average 3,614.

Rivian has been one of Workhorse's top competitors. Rivian was founded in 2009, and is headquartered in Rockledge, Florida. Rivian competes in the Automobile Manufacturers industry. Rivian generates $38.5M more revenue vs. Workhorse.

Nikola is a top competitor of Workhorse. Nikola is a Public company that was founded in Phoenix, Arizona in 2014. Nikola competes in the Automobile Manufacturers field. Nikola has 158 more employees vs. Workhorse.

FF is perceived as one of Workhorse's biggest rivals. FF was founded in 2014, and its headquarters is in Los Angeles, California. FF is in the Automobile Manufacturers industry. FF has 302 more employees than Workhorse.

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Trending News for Workhorse and Workhorse's Competitors

August 12, 2020

The Chronicle Herald

Electric carmakers seek out blank-check firms for funding as virus spooks private markets | The Chronicle Herald

By Ben Klayman, Joshua Franklin and Paul Lienert (Reuters) - Electric commercial truck maker Nikola C... See more »

August 10, 2020

TechCrunch

A Faraday Future prototype hits the auction block

Faraday Future has yet to produce a production vehicle. The company burst out of nowhere in 2015 with... See more »

August 10, 2020

Zacks

Workhorse Group (WKHS) Reports Q2 Loss, Misses Revenue Estimates

Workhorse (WKHS) delivered earnings and revenue surprises of 0.00% and -69.33%, respectively, for the... See more »

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$ < 1M

Workhorse's revenue is the ranked 15th among it's top 10 competitors. The top 10 competitors average 1.8B. Over the last four quarters, Workhorse's revenue has grown by 2059.3%. Specifically, in Q2 2020's revenue was $ < 1M; in Q1 2020, it was $ < 1M; in Q4 2019, it was $ < 1M; in Q3 2019, Workhorse's revenue was $ < 1M.

Acquisitions

No recent acquisitions found related to Workhorse

Workhorse Funding History

$5.4M$9.8M$10.7M$14.3M$18.7M$34.3M$41.8M$142.8M$214.2M

Since Workhorse was founded in 2007, it has participated in 18 rounds of funding. In total Workhorse has raised $214.2M. Workhorse's last funding round was on Jul 2020 for a total of $70.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Jul 2020
$70M
-
Debt - PPP (CARES Act)
Apr 2020
$1.4M
Debt
Nov 2019
$41M
Private Placement
Jun 2019
$25M
-
Debt
Jan 2019
$35M

Total Funding: $214.2M

Since Workhorse was founded in 2007, it has participated in 18 rounds of funding. In total Workhorse has raised $214.2M. Workhorse's last funding round was on Jul 2020 for a total of $70.0M

Investments

No recent investments found related to Workhorse

Workhorse News

August 6, 2020News Break

Workhorse CEO Duane Hughes on Lordstown Motors public debut | News Break

Duane Hughes, Workhorse CEO, on Lordstown Motors going public and the surge in EV stocks. With CNBC's... See more »
August 3, 2020WCCFtech

WKHS) Soars Over 7 Percent as Lordstown Motors Gears up to Go Public

Workhorse Group (), the Ohio-based EV manufacturer, has been on a perennial ramp upwards over the pas... See more »
August 2, 2020The Business Journals: Cincinnati Business Courier

Workhorse receives boost following announcement on Lordstown Motors merger

A Greater Cincinnati public company is watching its stock surge following an announcement from Lordst... See more »
July 23, 2020Inside EVs

Workhorse Receives $70 Million In Financing And Starts Deliveries

Workhorse sent the first C1000 vans to customers, now it's time to ramp-up.... See more »
July 23, 2020The Business Journals: Cincinnati Business Courier

Workhorse receives order from eTrucks for 20 all-electric delivery vans

Loveland-based Workhorse Group Inc. has been on a hot streak lately with the company's stock more tha... See more »
July 21, 2020Benzinga

Workhorse CFO Talks USPS Contract, Says Company Has 2-Year Lead On Competitors

Steve Schrader is the chief financial officer of Workhorse Group Inc (NASDAQ: WKHS) and joined Benzin... See more »
July 19, 2020The Business Journals: Cincinnati Business Courier

$6 billion federal contract looms as Greater Cincinnati automaker ramps up production

A Greater Cincinnati public company is ramping up production on its new line of all-electric cargo va... See more »

Workhorse Press Releases

March 10, 2020PR Newswire

Workhorse Group Reports Fourth Quarter and Full Year 2019 Results

CINCINNATI, March 10, 2020 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the C... See more »
November 22, 2019centralcharts

Workhorse Secures $41 Million Financing from Institutional Lender

Workhorse Secures $41 Million Financing from Institutional Lender Capital Infusion Replaces Existing ... See more »
November 7, 2019centralcharts

Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.

Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp. Agreement... See more »
October 31, 2019PR Newswire

Workhorse Group Sets Third Quarter 2019 Earnings Call for Friday, November 8, 2019 at 10:00 a.m. ET

CINCINNATI, Oct. 31, 2019 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Co... See more »
August 27, 2019BriefingWire

Mark Goddard on why Workhorse Group Shares Soared Monday

Alan Davis Management : Mark Goddard on why Workhorse Group Shares Soared Monday... See more »
August 6, 2019centralcharts

Workhorse Group Reports Second Quarter 2019 Results

Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company fo... See more »
May 7, 2019PR Newswire

Workhorse Group Reports First Quarter 2019 Results

CINCINNATI, May 7, 2019 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Comp... See more »

Social Statistics

Headquarters

100 Commerce Drive

Loveland, Ohio45140

1-513-360-4704

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Workhorse is a designer and manufacturer of electric vehicles such as powertrains and truck chassis for the transportation industry. Workhorse was founded in 2007. Workhorse's headquarters is located in Loveland, Ohio, USA 45140. It has raised 214.2M ...

CEO

Workhorse's CEO, Duane Hughes, currently has an approval rating of 78%. Workhorse's primary competitors are Rivian, Nikola & FF.

Website

workhorse.com

Frequently Asked Questions about Workhorse

  1. When was Workhorse founded?

    Workhorse was founded in 2007

  2. Who is Workhorse's CEO?

    Workhorse's CEO is Duane Hughes

  3. How much revenue does Workhorse generate?

    Workhorse generates $ < 1M in revenue

  4. How much funding does Workhorse have?

    Workhorse has historically raised $214.2M in funding

  1. Where is Workhorse's headquarters?

    Workhorse's headquarters is in Loveland Ohio, USA

  2. How many employees does Workhorse have?

    Workhorse has 98 employees

  3. What sector does Workhorse operate in?

    Workhorse is in Truck Manufacturers

  4. Who are Workhorse's competitors?

    Workhorse's top competitors are Rivian, Nikola, FF
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