• 06 Oct 2018 04:42 PM
• 0

Workhorse to Sell SureFly eVTOL Business

Electric truck manufacturer Workhorse Group announced on Sept. 18 that it had engaged investment bank B. Riley FBR to sell its SureFly operating unit, which is developing its hybrid-electric SureFly eVTOL. "Now that SureFly is doing hover test flights and has entered into the Type Certification Process with the FAA, we believe it is the ideal time to find a suitable partner or buyer that wishes to lead the eVTOL race," stated Stephen Burns, CEO of Workhorse. "Finding a suitable partner for SureFly will enable Workhorse to continue focusing on its N-GEN electric delivery truck platform as well as our W-15 Electric Pickup Truck."

Source: 

• Workhorse Group Inc. Engages B. Riley FBR to Manage Formal Process to Sell SureFly eVTOL, PR Newswire, Sept. 18, 2018