Workhorse Group - About the company
Workhorse Group is a public company based in Cincinnati (United States), founded in 2007 by Julia Broome. It operates as a Manufacturer of electric vehicles and related components for transportation solutions. Workhorse Group has raised $35.8M in funding. The company has 716 active competitors, including 174 funded and 51 that have exited. Its top competitors include companies like Aurora, Einride and Veho.
Company Details
Manufacturer of electric vehicles and related components for transportation solutions. The company focuses on designing and producing electric vehicles. It also provides components that support electric transportation. The business model centers on delivering sustainable and efficient vehicle options.
- Website
- workhorse.com
- Social
- Registered Address
- Loveland, Ohio
Key Metrics
Founded Year
2007
Location
Cincinnati, United States
Stage
Public
Total Funding
$35.8M in 23 rounds
Latest Funding Round
Investors
Ranked
15th among 716 active competitors
Annual Revenue
$1M - $10M as on Dec 31, 2020
Employee Count
246 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Workhorse Group
Workhorse Group is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
AMP Holding Inc. CIN: 1425287 , United States, Active | $1 - $1M (As on Apr 08, 2015) | - | - | |
Workhorse Group Inc. CIN: 1425287 , United States, Active | Sep 25, 2016 | $1M - $10M (As on Dec 31, 2020) | 298 (As on Dec 31, 2023) | - |
WORKHORSE TECHNOLOGIES, INC. CIN: 208529895 , United States, Active | Dec 26, 999 | - | 120 (As on Dec 31, 2024) | - |
Workhorse Group's IPO details
Workhorse Group got listed on Jan 04, 2016.
Click here to take a look at Workhorse Group's IPO in detail
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Workhorse Group's funding and investors
Workhorse Group has raised a total funding of $35.8M over 23 rounds. Its first funding round was on Sep 30, 2009. Workhorse Group has 6 institutional investors.
Here is the list of recent funding rounds of Workhorse Group:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 27, 2025 | 3309323 | Post IPO | 8925788 | 9631286 | 8300978 | 9973794 |
Oct 14, 2020 | 5531427 | Post IPO | 7397629 | 4974804 | 1601296 | 8447380 |
Jun 30, 2020 | 5268333 | Post IPO | 5544661 | 8624701 | 1055206 | 5432470 |
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Workhorse Group's founders and board of directors
Founder? Claim ProfileThe founders of Workhorse Group is Julia Broome. Scott Griffith is the CEO of Workhorse Group.
Here are the details of Workhorse Group's key team members:
- Julia Broome: Founder of Workhorse Group. Contact Info: 1 email address
- Scott Griffith: CEO of Workhorse Group.
View details of Workhorse Group's Founder profiles and Board Members
Workhorse Group's employee count trend
Workhorse Group has 246 employees as of Aug 26. Here is Workhorse Group's employee count trend over the years:
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Workhorse Group's Competitors and alternates
Top competitors of Workhorse Group include Aurora, Einride and Veho. Here is the list of Top 10 competitors of Workhorse Group, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Aurora 2017, Mountain View (United States), Public | Developer of self-driving technology for integration into freight operations | $693M | 78/100 | |
2nd | Provider of electric and autonomous freight transportation solutions | $865M | 74/100 | ||
3rd | Veho 2016, Boulder (United States), Series B | AI-enable last-mile delivery services for e-commerce companies | $300M | 72/100 | |
4th | Manufacturer of electric buses trucks and small commercial transport vehicles | $179M | 72/100 | ||
5th |  Gatik 2017, United States, Series D | Operator of autonomous trucking solutions for middle-mile logistics operations | $500M | 70/100 | |
6th | TuSimple 2015, San Diego (United States), Public | AI-powered provider of self-driving solutions for trucks | $648M | 69/100 | |
7th | PlusAI 2016, Santa Clara (United States), Series C | Developer of autonomous driving technology for integration into factory-built trucks | $720M | 69/100 | |
8th | Developer of physical artificial intelligence platform for autonomous trucks and robotaxis | $1.03B | 69/100 | ||
9th | Provider of cloud-based on-demand drone-based e-commerce delivery services | $60M | 69/100 | ||
10th |  Nikola Motor 2015, Phoenix (United States), Public | Developer of electric trucks | $760M | 68/100 | |
15th | Workhorse Group 2007, Cincinnati (United States), Public | Manufacturer of electric vehicles and related components for transportation solutions | $35.8M | 66/100 |
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Workhorse Group's Investments and acquisitions
Workhorse Group has a total of 1 investment in Tropos Technologies. Workhorse Group has not made any acquisitions as of now.Reports related to Workhorse Group
Here is the latest report on Workhorse Group's sector:
News related to Workhorse Group
Filter this listMedia has covered Workhorse Group for a total of 14 events in the last 1 year, 5 of them have been about company updates and 1 about partnerships.
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Workhorse Group, Inc. GAAP EPS of -$1.86 misses by $0.91, revenue of $3.56M misses by $1.77M (NASDAQ:WKHS)Seeking Alpha•Aug 13, 2026•Workhorse Group
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Workhorse Group to Enter Data Center Market with Containerized AI OfferingDCD•Jul 29, 2026•Workhorse Group
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Workhorse Partners with InCharge Energy to Enhance Customer Support Across North AmericaGlobeNewswire•May 06, 2026•In-Charge, Workhorse Group
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Workhorse 4th quarter 2025 earnings announcement: Sales surge, losses widen after mergerInvesting•Apr 01, 2026•Workhorse Group
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Workhorse Announces 100 Vehicle Purchase Order from PurolatorGlobeNewswire•Mar 30, 2026•Purolator, Workhorse Group
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Workhorse notes progress since merger with Motiv Electric TrucksMarkLines•Mar 18, 2026•Workhorse Group
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Workhorse Group and Motiv Electric Trucks Complete MergerBenzinga•Dec 16, 2025•Workhorse Group, Motiv Electric Trucks, Motive
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Workhorse Shareholders Approve Merger with Motiv Electric TrucksGlobeNewswire•Nov 26, 2025•Motiv Electric Trucks, Workhorse Group
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