Electric truck maker Workhorse secures $35 million in new financing, works with Duke on battery leasing program
By Charles Morris Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery fans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders.
Marathon …read more