Workhorse Group Inc. and Motiv Electric Trucks have announced the execution of a definitive agreement to combine, with the new entity offering a range of purpose-built Class 4–6 battery electric trucks, supported by a nationwide service and support network.
“We believe this is a coming-of-age moment — not just for Motiv and Workhorse, but for the industry as a whole, and that widespread adoption of medium-duty electric trucks will come from achieving cost parity vs. ICE and diesel trucks and offering compelling long-term value,” said Scott Griffith, CEO of Motiv.
Under the terms of the agreement, Workhorse will issue shares of its common stock to acquire all outstanding equity interests of Motiv. The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals.
“We believe Motiv is the right partner to support the advancement of our combined product roadmap and capture new growth opportunities. Together, we are confident we will be even better positioned to win the commercial EV transition and create value for shareholders,” said Rick Dauch, CEO of Workhorse.
The combined company will leverage Workhorse’s Union City, Indiana, manufacturing facility, which has capacity to produce up to 5,000 trucks per year, alongside Motiv’s strong presence in California and its experience deploying over 270 electric trucks with more than 4 million miles driven. Leadership will be drawn from both organizations, with Rick Dauch, current CEO of Workhorse, serving as CEO of the combined company, and Tim Krauskopf, current CEO of Motiv, serving as Chief Product Officer.
The companies stated that their complementary product lines, customer bases, and manufacturing capabilities will position the new entity to meet the increasing demand for zero-emission medium-duty trucks as fleets across North America transition to clean transportation solutions.
