Workhorse announced a new electric Class 5-6 chassis on Thursday.
"We believe a strong product-market fit exists in the medium-duty segment, with numerous large fleets already deploying electric vehicles at scale, making this $23 billion commercial vehicle market near a tipping point of an electric transition," says Scott Griffith, CEO.
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The new medium duty truck will use components of the W56 step van and be designed for efficient upfitting. The platform features flexible wheelbase configurations, advanced battery and axle technologies, next-generation software and improved power electronics, Workhorse says.
Its engineering team is targeting core designs and prototypes by the third quarter with production set to start early next year.
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The company also announced a partnership with InCharge Energy to deliver a comprehensive, single-point-of-contact customer support service that will launch later this year. Fleet customers will have free, unlimited access to live specialists covering vehicles, charging infrastructure and the full electrification ecosystem, Workhorse says.
The company's Q1 revenue was up more than 200% year over year, from $1.1 million to $4.3 million. It also delivered four times as many vehicles in the first quarter — from five to 21. This is also the first full quarter as a combined company following its merger withy Motiv Electric Trucks in December.
“Ultimately, we believe we’re very well positioned in the category to deliver on both of the key drivers of the tipping point to the electrification of the medium duty segment: ICE-comparable economics and professional, scalable post-sale support,” Griffiths says. “We believe our revised product priorities and new product development roadmap will address the need to deliver on the first, while our new partnership with InCharge ... put us in a great position to solve the second.”
