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workhorse.com

Founded Year

2007

Stage

PIPE - III | IPO

Total Raised

$1.5M

Market Cap

0.44B

Stock Price

2.66

About Workhorse Group

Workhorse Group designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty electric pickup trucks, as well as HorseFly delivery drones and truck systems.

Workhorse Group Headquarters Location

100 Commerce Dr.

Loveland, Ohio, 45140,

United States

513-360-4704

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Expert Collections containing Workhorse Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Workhorse Group is included in 3 Expert Collections, including Auto & Mobility Tech.

A

Auto & Mobility Tech

2,393 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

R

Robotics

1,974 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.

S

Supply Chain & Logistics Tech

172 items

Workhorse Group Patents

Workhorse Group has filed 27 patents.

The 3 most popular patent topics include:

  • Operating amusement attractions
  • Unmanned aerial vehicle manufacturers
  • Continuum mechanics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/9/2021

9/13/2022

Tires, Automotive body parts, Automotive styling features, Limousines, Automotive technologies

Grant

Application Date

12/9/2021

Grant Date

9/13/2022

Title

Related Topics

Tires, Automotive body parts, Automotive styling features, Limousines, Automotive technologies

Status

Grant

Latest Workhorse Group News

eVTOL Aircraft Global Market Report 2022

Sep 22, 2022

" - https://www.reportlinker.com/p06317003/?utm_source=GNW , Pipistrel, Moog Inc., The Boeing Co., Karem Aircraft Inc., Lift Aircraft, Aurora Flight Sciences, Workhorse, Elroy Air, Textron Inc., SkyDrive Inc., Neva Aerospace, Opener Inc., Workhorse Group, Uber Technologies Inc, Terrafugia, Archer Aviation Inc, Jaunt Air Mobility LLC, Overair Inc and Samad Aerospace. The global eVTOL aircraft market is expected to grow from $6.73 billion in 2021 to $8.09 billion in 2022 at a compound annual growth rate (CAGR) of 20.16%. The market is expected to grow to $18.92 billion in 2026 at a compound annual growth rate (CAGR) of 23.66%. The eVTOL aircraft market consists of sales of eVTOL aircraft by entities (organizations, sole traders, and partnerships) that refer to electric vertical takeoff and landing aircraft that uses electric power to hover, take off, and land vertically.The focus of eVTOL is to offer a new class of aircraft that revolutionizes inter-and-intra-city movement, providing quick, direct, and clean mobility. It uses motors, batteries, fuel cells, and electronic controllers to generate electric power for hovering, taking off, and landing vertically. The main technologies used in eVTOL aircraft include vectored thrust, multirotor, and lift pulse cruise.The vectored thrust eVTOL aircraft refers to a technology used to change the thrust angle from its engine or motor to control the attitude or angular velocity of the aircraft. It is typically used to control pitch and yaw attitude on boosters and upper stages.The propulsion systems used in eVTOL aircraft include fully electric, hybrid electric, and hydrogen-electric. Both autonomous and piloted eVTOL aircraft are used in a wide range of applications including air taxis, air shuttles and air metro, private transport, cargo transport, air ambulance and medical emergency, last-mile delivery, inspection and monitoring, surveying and mapping, surveillance, special mission, and others. North America was the largest region in the eVTOL aircraft market in 2021.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the eVTOL aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The eVTOL aircraft market research report is one of a series of new reports that provides eVTOL aircraft market statistics, including eVTOL aircraft industry global market size, regional shares, competitors with an eVTOL aircraft market share, detailed eVTOL aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the eVTOL aircraft industry. This eVTOL aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The growing need for green energy and noise-free aircraft is propelling the growth of the eVTOL aircraft market.The strive for greater fuel efficiency and reduction of noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary/ augmented lift fans.Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. For instance, in March 2020, according to Aan article published by Dassault Systèmes, a Europe-based company, estimated the growing need for eVTOL aircraft where the market will grow exponentially, to an estimated 1.3 billion passengers over 20 years, with a demand for 28,000 eVTOL aircraft. Therefore, the growing need for green energy and noise-free aircraft will drive the growth of the eVTOL aircraft market. Technological advancement is a key trend gaining popularity in the eVTOL aircraft market.Major companies operating in the eVTOL aircraft market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation eVTOL aircraft technologies into their services, such as IoT, ultra edge hydrogen and battery cell, Onboard sensors and collision prevention systems, AI technology, 5G communication, and others.For instance, In April 2022, Hyundai, an automotive manufacturer company, explored hydrogen fuel cell technology for the electric short Take-off and landing eVTOL aircraft segment. The company expects hydrogen fuel cell technology to have a long enough range to complete intercity trips. In December 2020, Joby Aviation, a US-based aerospace company, developing an electric vertical takeoff and landing aircraft acquired Uber Elevate for an undisclosed amount.This acquisition of Uber elevate will create integration between ground and air travel for future customers by integrating their respective services into each other’s apps for joby aviation. Uber Elevate is a US-based company initiative to develop, deploy and eventually offer consumers an air-based taxi travel service. The countries covered in the eVTOL aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Workhorse Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Workhorse Group Rank

  • When was Workhorse Group founded?

    Workhorse Group was founded in 2007.

  • Where is Workhorse Group's headquarters?

    Workhorse Group's headquarters is located at 100 Commerce Dr., Loveland.

  • What is Workhorse Group's latest funding round?

    Workhorse Group's latest funding round is PIPE - III.

  • How much did Workhorse Group raise?

    Workhorse Group raised a total of $1.5M.

  • Who are the investors of Workhorse Group?

    Investors of Workhorse Group include HT Investments, Paycheck Protection Program, Marathon Asset Management and AMP Electric Vehicles.

  • Who are Workhorse Group's competitors?

    Competitors of Workhorse Group include Bollinger Motors and 3 more.

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