1

Worksport Ltd

Worksport Ltd. designs and manufactures innovative truck tonneau covers and clean energy solutions, offering products for both automotive and energy markets.

Categories

Energy and Utilities  

$18.35M

Marketcap

US United States of America

Country

Worksport Ltd
Leadership team

Steven Rossi (CEO)

Rafael Oliviera (Director of Engineering)

Bill Caragol (Independent, Director)

Ambassador Ned L. Siegel (Director)

Lorenzo H. Rossi (Director)

Micheal Johnston (Director)

Craig Loverock (Independent Director)

Industries

Energy and Utilities

Products/ Services
Solar-integrated tonneau covers (SOLIS), Portable energy storage solutions (COR)
Number of Employees
100 - 500
Headquarters
2500 N America Dr, West Seneca, NY 14224, USA
Established
2011
Company Type
Public Limited Company
Company Registration
333-267696
Traded as
WKSP
Social Media
Overview
Location
Summary

Worksport Ltd., based in West Seneca, New York, designs and distributes truck tonneau covers and energy solutions across Canada and the United States. The company offers a range of tonneau covers, including soft vinyl and hard aluminium versions. Their product line also features innovative energy solutions like the Worksport SOLIS, a tonneau cover integrated with solar panels, and the Worksport COR, a modular portable power station.

Initially focusing on tonneau covers for popular truck brands, Worksport has adapted to trends in the automotive industry by incorporating clean energy solutions. The company's products are available through various channels, including wholesalers, private labels, distributors, and online platforms such as eBay, Amazon, Walmart, and their Shopify-hosted e-commerce site.

Worksport is committed to innovation and quality, with over 100 patents and trademarks. The company's mission is to offer high-quality, American-made products at competitive prices while contributing positively to the environment. Customers can explore and purchase Worksport products through their website, Worksport.com, and their network of partners and dealers.

History

Founded in 2011, Worksport Ltd. began as a designer and manufacturer of truck tonneau covers. By 2014, the company went live with its initial product offerings, establishing a foothold in the automotive aftermarket industry. Worksport made a significant leap in 2015 with the introduction of its Concept Solar, an innovative initiative integrating solar technology with truck bed covers, marking the company's entry into the clean energy sector.

In 2016, Worksport expanded its operations into the United States, initiating sales and significantly broadening its market presence. The year 2021 was a milestone for Worksport, as it achieved its first capital raise and subsequently launched an initial public offering (IPO) on NASDAQ, further strengthening its financial position and market reach.

In 2022, Worksport took a major step in its growth strategy by purchasing a factory in the United States, enabling it to enhance production capabilities and support its expanding product line. This move was followed by the design and launch of new products manufactured in the USA in 2023, reflecting the company's commitment to high-quality, domestically produced goods.

By 2024, Worksport has been focused on ramping up its profit innovation strategies, aiming to optimise operational efficiencies and drive further growth. The company's evolution from a tonneau cover manufacturer to a leader in integrating clean energy solutions demonstrates its adaptability and commitment to innovation within the automotive and energy sectors.

Mission

Worksport Ltd. is dedicated to delivering high-quality, innovative products that enhance truck bed functionality and promote sustainable energy solutions. Their mission is to set new industry standards through meticulous craftsmanship and advanced technology, providing customers with reliable and effective tonneau covers and energy products. The company aims to offer these products at competitive prices while maintaining a strong commitment to customer satisfaction and environmental responsibility.

Vision

Worksport Ltd. envisions becoming a leader in both the automotive accessory and clean energy sectors. Their goal is to drive innovation by integrating cutting-edge technology into their products, transforming truck beds into versatile, eco-friendly tools. The company aspires to expand its market presence globally, continually improving its offerings to meet evolving customer needs and contribute positively to a more sustainable future.

Key Team

Steven Rossi (CEO)

Rafael Oliviera (Director of Engineering)

Bill Caragol (Independent, Director)

Ambassador Ned L. Siegel (Director)

Lorenzo H. Rossi (Director)

Micheal Johnston (Director)

Craig Loverock (Independent Director)

Recognition and Awards

Worksport® Ltd. (NASDAQ: WKSP), the U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is proud to announce that it has been awarded "Innovator of the Year" by Buffalo Business First.

Products and Services

Worksport Ltd. offers a diverse range of products and services tailored to the automotive and energy markets. The company’s core product line includes both soft and hard tonneau covers designed for various truck brands, such as Ford, Dodge, RAM, Jeep, Chevrolet, GMC, and Toyota. These covers, available in soft vinyl and hard aluminium, enhance truck bed utility and protection.

A notable innovation is the Worksport SOLIS, which integrates solar panels into a tonneau cover, transforming truck beds into mobile solar energy generators. Complementing this is the Worksport COR, a modular, portable power station that provides a versatile energy storage solution. These products cater to both automotive enthusiasts and those seeking sustainable energy solutions.

Worksport’s products are available through a variety of channels, including wholesalers, private labels, distributors, and online platforms like eBay, Amazon, Walmart, and their Shopify-hosted e-commerce site. The company also provides a robust customer support system, reflecting its commitment to quality and service. With over 100 patents and trademarks, Worksport continues to push the boundaries of innovation in truck accessories and clean energy solutions.

References
Worksport Ltd
Leadership team

Steven Rossi (CEO)

Rafael Oliviera (Director of Engineering)

Bill Caragol (Independent, Director)

Ambassador Ned L. Siegel (Director)

Lorenzo H. Rossi (Director)

Micheal Johnston (Director)

Craig Loverock (Independent Director)

Industries

Energy and Utilities

Products/ Services
Solar-integrated tonneau covers (SOLIS), Portable energy storage solutions (COR)
Number of Employees
100 - 500
Headquarters
2500 N America Dr, West Seneca, NY 14224, USA
Established
2011
Company Type
Public Limited Company
Company Registration
333-267696
Traded as
WKSP
Social Media