Workhorse Group (WKHS) Receives Purchase Order for 20 C-1000 All-Electric Delivery Trucks from Cincinnati-Based eTrucks
- S&P 500, Nasdaq notch biggest weekly losses since March
- S&P 500 could end the year over 10% higher from here - Piper Sandler
- Citi says Meta shares to rally in near term on share gains, upcoming AI event
- Ads are coming to Amazon Prime Video next year; Stock pops
- 'Sell the last rate hike' strategy is in action, stocks could fall further - BofA's Hartnett
Workhorse Group Inc. (Nasdaq: WKHS), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today announced that it has received an initial purchase order for 20 of its all-electric C-1000 delivery vehicles from Cincinnati-based, newly-launched trucking company, eTrucks.
eTrucks plans to function as a vehicle buyer and reseller and will be offering fleet funding programs and services tailored for different business needs. The company also aims to provide flexible financing options for its customers, including owned or leased programs. Its primary target market will be the small-to-medium sized business (SMB) fleet operators in the Ohio area with plans for regional and even national expansion in the near future.
Bill Hamilton, eTrucks Managing Partner, stated, "As an Ohio-based operation, we've been able to experience up-close the quality of the Workhorse vehicles for some time, and we're appreciative of the opportunity to partner with a world-class organization as we ramp up our operations. The Workhorse C-Series product line offers superior capabilities from any other legacy delivery vehicle in the market, and we believe our fleet customers will appreciate the improved safety features and reduced operating costs that come from a quiet-riding electric vehicle option. Going forward, we plan to offer these vehicles on a national platform for sale and leasing."
Workhorse CEO Duane Hughes added, "Bill and his partner Brian Carr are building a valuable sales and distribution platform for an underserved market. The SMB fleet operator represents a major opportunity for additional sales, and we're looking forward to growing our partnership with another Ohio-based organization to improve last-mile delivery for everyone. Pursuing sales agreements with resellers, like eTrucks, allows Workhorse to expand our sales reach and take advantage of economies of scale that would otherwise be unavailable through individual transactions."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Unity Software's (U) Marc Whitten Issues Open Letter Provides Updates on Pricing Changes
- Instacart (CART) Appoints Ravi Gupta of Sequoia Capital to its Board
- General Motors (GM): Today's Strike Escalation By The UAW's Top Leadership Is Unnecessary
Create E-mail Alert Related CategoriesCorporate News, Management Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!