Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery vans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders. Marathon will provide the funds… Read more »
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Workhorse starts production of light-weight electric delivery vehicle
Workhorse has begun initial production of a light-weight electric delivery vehicle, the Workhorse NGEN-1000. At 4,000 pounds and with up to 1,000 cubic feet of storage, the van’s weight is less than half that of conventional diesel step-vans with similar storage capacity. The vehicle will boast a 100-mile range, according to Workhorse, and come in four… Read more »
UPS buys 950 electric delivery vans from Workhorse
Fleet operators are beginning to make the transition from pilot EV programs to serious orders, and UPS is leading the way. Big Brown has just ordered 950 N-GEN electric delivery vans from Cincinnati-based Workhorse. In February, UPS announced plans to deploy a test fleet of 50 N-GEN trucks, so the latest purchase brings its N-GEN… Read more »
FedEx tests Workhorse/Plug Power fuel cell delivery van
Commercial EV manufacturer Workhorse (NASDAQ:WKHS) and hydrogen fuel cell specialist Plug Power (NASDAQ: PLUG) have collaborated to deliver a fuel cell electric delivery van to FedEx Express. The Class 5 EGEN delivery van was built by Workhorse, and features a Plug Power ProGen hydrogen fuel cell. It’s currently in service on a standard delivery route,… Read more »
Workhorse N-GEN electric delivery van coming to San Francisco
Commercial EV-maker Workhorse Group (NASDAQ: WKHS) is deploying a fleet of its electric N-GEN cargo vans in the San Francisco Bay area, in partnership with Ryder System, Workhorse’s exclusive maintenance provider. To commemorate the launch, Workhorse will display the N-GEN at City Hall in San Francisco on Wednesday, March 28. Designed from the ground up… Read more »
Workhorse reports 2017 earnings, receives $7-Million electric truck order
Workhorse Group (NASDAQ: WKHS) has received a $7-million repeat order for all-electric delivery trucks, to be deployed by “a major delivery company in the San Diego area.” Workhorse all-electric trucks are powered by Panasonic batteries, and deliver a 100-mile range. According to Workhorse, its e-trucks can improve fuel efficiency from an average of 5.5 MPG… Read more »
UPS: New Workhorse electric truck will be the first to rival cost of ICE vehicles
UPS plans to collaborate with Workhorse to develop an electric delivery truck that will be comparable in acquisition cost to legacy ICE trucks without any subsidies, an industry first. Each Class 5 truck will have a range of approximately 100 miles, quite sufficient for delivery routes in and around cities. UPS will test 50 of… Read more »
Workhorse to spin off SureFly personal helicopter business
Workhorse Group (NASDAQ:WKHS) has several electric irons in the fire, so to speak. It says it has pre-orders for over 5,000 units of its W-15 plug-in pickup truck (profiled in the May/June 2017 issue of Charged); it has an electric truck on the short list to be selected as the next delivery vehicle for the… Read more »
New York FedEx service provider adds Workhorse electric van to fleet
Workhorse Group (NASDAQ: WKHS) has announced that Colonial Routes, in Farmington, New York, is the first FedEx independent service provider (ISP) in the country to participate in Workhorse’s new nationwide program for FedEx Ground delivery vehicles. Workhorse’s new FedEx Ground vehicle program is now open to contractors nationwide. The company’s E-GEN and E-100 vans are… Read more »
Workhorse electric truck could be the next USPS delivery vehicle
The US Postal Service is in the process of selecting a replacement for its aging fleet of delivery vans. Of the 215,000 mail trucks in operation, 140,000 are at least two decades old. The agency began real-world testing of prototypes at several locations around the country in October. USPS plans to replace up to 180,000… Read more »