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Workhorse Closes $200M Financing

Workhorse Group Inc. (Nasdaq: WKHS), an American technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector, closed the previously announced $200m financing. The funds will allow an acceleration of production, an advancement of new products directly for the last-mile delivery market and an expansion of drone operations. Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with vehicles and enable fleet operators to optimize energy and route efficiency. All vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment.

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