Workhorse Group Inc. announced a 100‑unit purchase order for its W56 fully‑electric step vans from Gateway Fleets, a California‑based provider of electric vehicle and charging solutions. The vans will be delivered beginning in July 2026, ahead of the peak holiday delivery season, and will help Gateway expand its electrified fleet network across Southern California and beyond.
The W56 is Workhorse’s flagship step‑van platform, available in several battery configurations. The order is expected to include the 210 kWh battery option, which delivers a nominal range of 150 miles. Workhorse’s Union City, Indiana plant, which can produce over 5,000 units per year, will supply the vehicles, underscoring the company’s capacity to meet the order while maintaining production flexibility for future customers.
Workhorse’s financial picture remains challenging. In Q4 2025 the company posted a net loss of $23.7 million and a full‑year net loss of $64.1 million. Cash and cash equivalents stood at $12.9 million at the end of 2025. Revenue for Q4 2025 was $9.7 million, up 61.7 % year‑over‑year, while full‑year 2025 revenue reached $21.2 million, a 202.9 % increase from 2024. The new order represents a meaningful revenue opportunity, but it comes against a backdrop of ongoing cash burn and losses.
Scott Griffith, Workhorse’s CEO, said, "Gateway Fleets understands the challenges fleets are facing right now, and they've built a business model designed to solve it." He added that electrification offers reduced operating costs and a hedge against volatile fossil‑fuel prices. Jamie Miller, Chief Revenue Officer of Gateway Fleets, noted that their bundled model "simplifies electric fleet operations by handling all aspects of electrification."
The 100‑unit commitment is a positive sign of demand for Workhorse’s W56 platform, but the company’s financial health remains a concern. The order will contribute to revenue growth, yet Workhorse must continue to manage its losses and cash burn while scaling production. The deal illustrates the company’s strategy of delivering end‑to‑end electrification solutions, but investors will likely weigh the order against the broader context of Workhorse’s profitability challenges and the competitive landscape of last‑mile delivery vehicles.
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