WIXOM, MI, Jan 2, 2026 – Workhorse Group and Motiv Electric Trucks (“Motiv”) have completed their merger and will operate as Workhorse, a North American manufacturer of electric trucks and buses. Workhorse brings scalable manufacturing capacity and road-tested electric vehicle (EV) platforms. It is pursuing commercial agreements with 10 of the largest truck fleets in North America.
Workhorse secured up to $50 million in new debt financing from Motiv’s former controlling investor. The package includes a $10 million revolving credit facility and up to $40 million for supply-chain costs related to new purchase orders. The funding is intended to reduce delivery lead times and strengthen liquidity for expansion.
“At Workhorse, we’re not just building electric trucks, we’re building better trucks. Our software-first electric trucks are powerful, cost-efficient, reliable, safe, and comfortable—all with zero tailpipe emissions and pollution,” said Scott Griffith, CEO of Workhorse. “Workhorse trucks perform the same or better as their internal combustion engine (ICE) counterparts, while costing far less over the lifetime of the vehicle.”
“Looking ahead,” Griffith continued, “we are going to build on our 20-plus year combined legacy in electrification and the thousand-plus electric trucks and buses we have delivered to meet the needs of our growing customer base. In doing so, we believe we are positioned to drive profitable growth, create value for our shareholders and customers and deliver on our Better Trucks, Better World ambition.”
Workhorse will create value for shareholders/customers by:
- Producing the best truck: Workhorse targets the medium-duty truck and bus segment with integrated safety systems, telematics, and ergonomic design, supported by lower maintenance costs.
- Building on commercial fleet traction: Workhorse enters 2026 with an order backlog and sales pipeline for trucks, step vans, school buses, and shuttles, following deployments with 10 fleet operators in North America.
- Leveraging existing in-house manufacturing: Workhorse’s Indiana plant has capacity for more than 5,000 vehicles per year, enabling production levels the company expects to support profitability without new capital investment.
- Applying learnings from the Stables project: Through its Stables project, Workhorse operates gas and electric step vans in a FedEx Ground Independent Service Provider (ISP) fleet in OH. The operation functions as a live test platform, supplying performance data, driver feedback, route planning insights, and durability results that inform vehicle design.
- Benefiting from the management team: The leadership team brings experience in vehicle design, commercial fleet sales, and automotive manufacturing scale-up.
- Putting growth capital to work: Workhorse’s financial position, including up to $50 million in added debt capacity and access to public markets, supports near-term production and delivery of new and existing truck and bus orders.
Workhorse has formed a new leadership structure following the merger, naming Scott Griffith as chief executive officer. The executive team also includes Bob Ginnan as chief financial officer, James Griffin as chief revenue officer, Scott Zion as chief product officer, and Josh Anderson as executive vice president of operations. The board consists of seven directors, five appointed by Motiv, including Scott Griffith and Matthew O’Leary, who will be chairman.
Workhorse will initially be headquartered in the Wixom, Michigan area while expanding its footprint in the Detroit. The company will maintain operations in Cincinnati, Ohio, and California’s Bay Area. Manufacturing will remain at the Workhorse Ranch in Union City, IN, a 92.6-acre facility with 436,000 sq. ft. of production space and annual capacity for 5,200 vehicles. The site includes logistics production, logistics and a customer training center, 200,000 sq. ft. of vehicle storage, and an on-site noise, vibration, and handling test track. (NVH)
Source: Workhorse Group
About Workhorse Group
Workhorse Group Inc., headquartered in Sharonville, OH, is an American technology company specializing in the design, manufacture, and sale of zero-emission commercial vehicles. Founded in 2007 as AMP Electric Vehicles, the company rebranded to Workhorse Group in 2015 after acquiring Workhorse Custom Chassis. Workhorse focuses on electric delivery vehicles tailored for last-mile logistics, offering models like the W4 CC, W750, and W56. As of December 31, 2024, Workhorse employed approximately 150 people. The company operates manufacturing and engineering facilities in Union City, IN, and Wixom, MI, supporting its mission to advance sustainable transportation solutions in the commercial vehicle sector.