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Workhorse closes acquisition of Motiv Power Systems

PUBLIC · WKHSDec 15, 2025

Acquiring Company

Workhorse Group

Acquired Company

Motiv Power Systems

LovelandFoster CityOtherManufacturingTransportationAutomotiveLogisticsInformation Technology

Description

On December 15, 2025, Workhorse Group Inc. completed its merger with Motiv Power Systems, Inc. This transaction includes the merger of Motiv into a wholly-owned subsidiary of Workhorse. The merger aims to enhance Workhorse's portfolio in sustainable vehicle solutions, expanding their market reach and capabilities.

Company Information

Company

Workhorse Group

Location

100 COMMERCE DRIVE

Loveland, Colorado, United States

About

Workhorse is a technology company focused on providing ground and air-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric trucks and drones. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.

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Frequently asked

Who acquired Motiv Power Systems?

Motiv Power Systems was acquired by Workhorse Group, based in Loveland. The deal was reported on December 15, 2025. Workhorse is a technology company focused on providing ground and air-based electric vehicles to the last-mile delivery sector. Workhorse Group is publicly traded (WKHS) and operates in Other.

When did Workhorse Group acquire Motiv Power Systems?

Workhorse Group's acquisition of Motiv Power Systems was reported on December 15, 2025. On December 15, 2025, Workhorse Group Inc. completed its merger with Motiv Power Systems, Inc. This transaction includes the merger of Motiv into a wholly-owned subsidiary of Workhorse. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Motiv Power Systems do?

Motiv Power Systems is a company specializing in electric vehicle technology and provides scalable electric powertrains for commercial vehicles. The company operates with a mission to transition fleets to electric, reducing carbon emissions. It is privately held, operating in Information Technology, and is based in Foster City.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.