Workhorse Group Inc. announced a purchase order for 100 fully‑electric step vans from Purolator, a leading Canadian freight and logistics provider. The order will double the number of Workhorse vehicles in Purolator’s fleet and will be delivered throughout 2026, providing a steady revenue stream for Workhorse as it expands manufacturing capacity.
The deal underscores Purolator’s commitment to electrification and sustainability, and it validates the reliability of Workhorse’s W56 platform in a large fleet environment. Purolator’s fourth order from Workhorse over several years signals confidence in the company’s electric step vans and strengthens the partnership that has been built since the Motiv Electric Trucks merger in late 2025.
Workhorse’s manufacturing facility in Union City, Indiana, can produce more than 5,000 vehicles per year on a single shift. The company has already delivered over 1,100 vehicles that have accumulated more than 20 million miles, demonstrating operational scale and product durability in real‑world logistics operations.
While the Purolator order is a positive milestone, Workhorse’s recent financial performance remains a concern. In Q3 2025 the company reported an EPS of –$16.68 and revenue of $2.38 million, a miss on consensus estimates. Analysts projected a Q4 2025 EPS of –$8.88 and revenue of $2.00 million. The company has posted net losses of $101.8 million in 2024, down from $123.9 million in 2023, and has experienced a decline in revenue from $13.1 million in 2023 to $6.6 million in 2024.
The order provides a tangible, multi‑year revenue source and demonstrates Workhorse’s ability to secure large fleet contracts, but the company’s ongoing headwinds—historical losses, revenue declines, and a need to achieve profitability—remain significant. Management has not issued new guidance, and no market reaction data specific to the order was identified in the fact‑check report.
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