Workhorse Makes $10M Strategic Series B Investment in Tropos Technologies
December 15, 2022
Workhorse Group, Inc. made a $10 million strategic lead investment in Tropos Technologies' Series B round to support Tropos' nationwide expansion and production growth. The transaction was arranged with Chicago-based Auctus Capital Partners acting as exclusive advisor, and Workhorse also entered a contract manufacturing relationship to supplement Tropos' production capacity.
- Buyers
- Workhorse Group, Inc.
- Targets
- Tropos Technologies, Inc.
- Industry
- Automotive
- Location
- California, United States
- Transaction Type
- Growth capital
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