Work Ahead

Investor Presentation January 2020

Work Ahead.

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Workhorse is changing the way the world works

Work Ahead.

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Cautionary Note Regarding Forward Looking Statements

This presentation includes forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein. Factors that could cause actual results to differ materially include, but are not limited to: our limited operations and need to expand in the near future to fulfill product orders; risks associated with obtaining orders and executing upon such orders; the ability to protect our intellectual property; the potential lack of market acceptance of our products; potential competition; our inability to retain key members of our management team; our inability to raise additional capital to fund our operations and business plan; our inability to maintain our listing of our securities on the Nasdaq Capital Market; our ability to continue as a going concern; our liquidity and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K filed with the SEC. Workhorse expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Work Ahead.

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Workhorse: Redefining Last-Mile Delivery

Proven track record with nearly 400 vehicles on the road and 5+ million miles driven in real-life duty cycles and climates

Fully Electric

American OEM

Founded: 2007

NASDAQ: WKHS

Headquarters: Loveland, OH

150 Employees

Assembly Plant:

Union City, IN

HorseFly UAV

Delivery System

C1000 Electric Work Van

USPS Next Generation Delivery Vehicle

Workhorse's Fully Electric Last-Mile Delivery Platform

Last-Mile

Fully electric and ISO-certifiedC-Series delivery vehicle jointly

Delivery

developed with UPS to meet their stringent requirements

Vehicle

Real-Time

Cloud-based,database-drivenproof-of-performance system

Telematics

HorseFly

Proprietary unmanned aerial system designed for the package delivery

Delivery Drone

market

Infrastructure

In partnership with Duke Energy, single-point management and

financing of all behind the meter infrastructure to support depot-wide

and Leasing

electrification and financing for vehicle and batteries

The only U.S.-based electric OEM, selected to develop the United NGDV Program States Postal Service's ("USPS") Next Generation Delivery Vehicle

("NGDV") and complete prototype testing

Work Ahead.

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Workhorse Group Inc. published this content on 13 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2021 18:03:01 UTC