Workhorse Receives $7 Million Order For Plug-In Trucks
Workhorse announced that the company received a follow-on order for all-electric delivery trucks worth $7 million.
It’s a big order for Workhorse, which according to the report for 2017 noted revenues of $10.8 million (including $5.5 million in Q4).
We don’t know the customer, but vehicles are to be deployed in the Greater San Diego area.
“These all-electric vehicles are being deployed by a major delivery company in the San Diego area. Like Workhorse range-extended electric trucks, the all-electric trucks are powered by Panasonic batteries, deliver a 100-mile range, offer significant fuel and maintenance savings, and provide uncompromised fleet performance.
Workhorse’s ground-breaking technology redefines the economics of fleet truck use by improving mileage efficiency from an average of 5.5 MPG to more than 30 MPGe while significantly lowering the cost of fleet maintenance.”
“We have entered an exciting new phase of our production operations. We see this gross margin positive $7 million order as the first of many more electric truck orders to come.”
“Our proven electric truck platforms continue to garner customer adoption all across the country. We are excited to have these trucks destined for deployment in San Diego this year.”