Government ContractsWorkhorse was awarded a General Service Administration (GSA) contract, enabling streamlined procurement of their vehicles by federal agencies.
Revenue GrowthThe company's revenue estimates have been increased for FY2024 and FY2025, suggesting growth expectations.
Strategic PartnershipsWorkhorse secured a three-year Master Framework Agreement with FedEx, under which they've already shipped 15 trucks and expect more orders in 2025.