Workhorse and Motive Merge to Form Largest Commercial Electric Vehicle Company

Workhorse and Motiv, two electric vehicle startups, have merged to form a larger company valued at approximately $105 million. The combined company aims to serve the growing medium-duty truck segment with a range of Class 4-6 electric vehicles. The merger is expected to close in Q4 2025 and will bring significant economies of scale and manufacturing capabilities to the combined company.