Motiv Power Systems can tap $15 million in new cash from its largest investor as it fulfills pandemic-delayed orders for software and power electronics for electric trucks.
In today’s edition of The Daily Dash, concerns are raised about Mexican truck operations, drone delivery technology advances and Anheuser-Busch is making a switch to natural gas.
Workhorse Group is perfecting technology for its HorseFly truck-mounted drone that could distinguish it from last-mile delivery competitors.
In today’s edition of The Daily Dash, Amazon is looking at how it might utilize mall space and Convoy unveils some big deals for carriers. Plus, a major deal between Covenant and Triumph hits a wall.
Workhorse Group lost a lot of money on paper because new borrowing was tied to its exploding stock price. But it has the cash on hand to build electric trucks into 2022.
Startup electric truck maker Lordstown Motors takes trendy reverse merger route to public ownership, and a $1.6 billion valuation.
Ryder System gets the first two Workhorse electric delivery vans for daily rental exposure through Ryder’s peer-to-peer truck-sharing program.
In today’s edition of The Daily Dash, FMCSA is considering a petition to delay the HOS changes, Workhorse can sell electric vans in all 50 states, and drivers can take steps to improve their mental health.
The California Air Resources Board certifies Workhorse’s C-Series electric delivery vans as zero-emission vehicles, clearing the path to qualifying for state-funded customer incentives.
In today’s edition of The Daily Dash, other states may follow California’s lead in mandating electric-truck sales, danger is a good reason to ignore HOS rules, and funds flow into electrification
Nikola experienced a V-shaped recovery in its share price as storytelling in place of revenue drives enthusiasm and disdain for publicly traded electric truck startups.
Workhorse gets another shot in the arm with the announcement of a $70 million loan. Shares continue their hot streak, up more than 30% on the news.
Lordstown Motors says first-year production of electric commercial pickup trucks is sold out – if the startup secures the $450 million it needs to retool a former General Motors car plant to make full-size pickups.
Workhorse Group, whose stock price is surging, can begin ramping up production of its electric delivery van now that it has received a final federal safety signoff.
Lordstown Motors will reveal its commercial electric pickup truck next week even as
the startup faces a deadline to raise hundreds of millions to convert a former General Motors car plant to truck production.
Interest is rising in Workhorse’s electric truck-based drone delivery system as the company seeks $40 million credit line to scale production.
Workhorse said its electric delivery van will enter production in the next few weeks, with various configurations and sizes to be offered eventually.
Lightweight electric van maker expects to build 300-400 units this year as transition to production inches forward while costs remain high amid Q4 revenue of just $3,000.
Electric trucks in big numbers are still years away, but interest among truck makers and fleets is widespread and growing.
Workhorse Group has secured a $41 million loan in its third hedge fund deal in a year that the electric truck maker said will let it build out a backlog of 1,100 orders for lightweight commercial delivery vans.
Workhorse Group signed several partnership deals to leverage its intellectual property in electric trucks and drones in the third quarter while more than doubling its loss of a year ago.
General Motors Co. confirmed the sale of its shuttered Lordstown Assembly complex in northeast Ohio to startup Lordstown Motors Corp., which plans to build a battery-powered electric pickup truck focused on fleet customers.
Electric truck maker Workhorse Inc. is selling its Surefly flying car project to aerospace and defense contractor Moog Inc. for $4 million and forming a joint venture with Moog to boost its truck-based drone delivery efforts.
The saga of the closed General Motors Lordstown plant continued with Vice President Mike Pence erroneously declaring that Workhorse Group Inc. had secured funding to buy the plant.
Workhorse Group secured $25M in funding to help finalize development of its NGEN electric delivery vehicle.
Workhorse Group, a technology company focused on offering sustainable mobility solutions, announced a new public offering of its common stock to raise additional funds as it works towards profitability.
For some customers in the Cincinnati area, their packages are now being dropped on their doorsteps – literally.
UPS is planning to add 50 plug-in electric vehicles from Workhorse this year for testing with plans to add more units in 2019.
