Workhorse Group Receivables

What does Workhorse Group do? Workhorse Group Inc. designs and builds performance battery-electric vehicles and aircraft, focusing on the commercial transportation sector. The company develops cloud-based telematics systems for real-time monitoring and sells its C-Series electric delivery trucks in 450, 650, and 1,000 cubic feet configurations directly to fleet customers and through distributor Ryder System, Inc. (Ryder). Its product HorseFly is a custom-designed unmanned aerial system for package delivery. The firm operates as an Original Equipment Manufacturer (OEM) for Class 3-6 medium-duty trucks. Workhorse's primary revenue streams come from direct sales of electric trucks to fleet operators and through Ryder, its main distributor. The C-Series platform targets commercial delivery needs with multiple size options, while HorseFly serves as a specialized delivery solution for packages. The company leverages its telematics systems as part of its vehicle solutions, enhancing performance monitoring for customers. The firm's vehicle solutions are tailored for commercial use, with the C-Series trucks designed for medium-duty applications and HorseFly addressing last-mile delivery challenges. Ryder System, Inc. acts as the key distributor for Workhorse's products, facilitating sales to fleet customers. The company's focus on electric and unmanned delivery systems positions it within the growing commercial transportation market. Workhorse Group is one of the most popular companies on Eulerpool.