Written by Theo Koenig - September 17, 2020
Edited by Asaf Kedem
Workhorse is an Ohio-based manufacturing company that focuses on electric vans and drones for delivery purposes. Currently the company manufactures 2 different types of delivery vans, the C650 and C1000. Both are fully electric, powered by either a 2-pack or 4-pack battery system that allows for up to 100 miles on one charge and a maximum speed of 75 miles per hour. The difference between the two comes down to size. The C650 has 650 ft3 of interior space while the C1000 offers 1000 ft3. Certainly, the most impressive feature of these trucks is the suspension system built independently into each of the 4 tires, allowing for an incredibly smooth ride for delivering packages. The trucks have further set themselves apart from the competition by lowering the floor, catering to the demand of the drivers who have to leave their trucks frequently.
The delivery vans can be further equipped with unmanned aerial vehicles, approved by the FAA, that are capable of take-off from the roof of the vans. Weighing less than 11 kgs, and capable of reaching speeds of up to 45 miles per hour the drones are fitted with autonomous GPS and Radio Frequency beacons. Using LTE connections, the drones stay in constant contact with the drivers, and can meet the van at the next drop-off point. Essentially the driver can now cut down the workload by delivering packages simultaneously with the UAV.
Finally, both vans and drones are supplied with the Workhorse proprietary Metron-app. This allows for tracking and monitoring of the fleet as well as collecting data that can be used to optimize route planning, check maintenance and follow fuel costs.
Auto Trendy’s take:
The Wall Street favorite has several factors behind its 400% surge in stock this year. Workhorse acquired a 10% stake in Lordstown Motors, who are about to go public this year. There is also the advantage that the company is not in direct competition with EV manufacturers such as Tesla and Nikola and are really the only viable fully electric providers for delivery services. Having already partnered with parcel giants such as UPS, Workhorse is now looking at landing the USPS van-replacement contract. Finally, adding UAVs to their list of available products allows for all sorts of exciting opportunities in new markets. Especially in times of social distancing, the use of delivery drones may be the perfect way of avoiding unnecessary interactions, which is something Workhorse will certainly look to capitalize on. We expect big things in the future from Workhorse.