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Workhorse Awarded Sourcewell Contract for Zero-Emission Commercial Vehicles
WorkhorseWorkhorse(US:WKHS) Newsfilterยท2024-07-16 12:30

Company Overview - Workhorse Group Inc. is an American technology company focused on pioneering the transition to zero-emission commercial vehicles, specifically in the last-mile delivery sector [10][12] - The company designs and builds high-performance, battery-electric trucks and develops cloud-based telematics systems for fleet operators [12] Contract Award - Workhorse has been awarded a contract by Sourcewell, allowing it to serve government, educational, and nonprofit sectors across all 50 states and Canada [10][4] - The contract pertains to the procurement of Class 4-8 chassis and cabs, along with related equipment, accessories, and services [10][11] - The contract number is 032824-WKH, with a maturity date of July 9, 2028, and the possibility of one-year extensions [11] Sourcewell Overview - Sourcewell is a self-sustaining government organization that partners with various sectors to streamline the procurement process [2][7] - It offers a cooperative purchasing program with over 400 awarded suppliers, ensuring members receive the best value for their procurement needs [2][7] Strategic Importance - The contract with Sourcewell enables Workhorse to efficiently deploy zero-emission vehicles to municipalities, which are increasingly transitioning to zero-emissions fleets [4][10] - This partnership satisfies legal procurement requirements and simplifies the buying process for customers [4][7]