Workhorse Shifts Gears, Focuses on Drones-as-a-Service (DaaS) with USDA Backing
A press release I had missed on the 12th of March earlier states this:-
In the first quarter of 2024, the Company decided to suspend drone design and manufacturing and to exclusively focus on Drones-as-a-Service (“DaaS”) business. The Company further developed the DaaS business in 2023, and in 2024, has continued to win additional grant awards from the USDA to support the National Resources Conservation Service. In January, Workhorse received a $500,000 grant and in February, received a separate $350,000 grant to provide actionable data from sensor scanning to increase the efficiency of underserved farmers’ and ranchers’ land use.
I wonder what platforms they will be using, my guess would be Skydio as DJI is a little bit sticky for grant money I would have thought.
Watching with interest.
