Join the $13B Mobile Power Revolution
Worksport is growing in multiples every quarter. As an American manufacturer with unique tech integration, Worksport’s future is bright. Worksport LTD is actively trading on the Nasdaq exchange under the symbol WKSP. This makes it easy for anyone interested in buying or selling shares of Worksport to do so on the open market through various online brokers.
“We went from 1 million dollars all of 2023, to 1 million a month in fall 2024. The next target is 1 million a week, and then 1 million a day.”
Steve Rossi
Chief Executive Officer
Press Releases
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About Worksport
Worksport Ltd. was founded in 2011, starting as a producer of tonneau covers for pickup trucks in the United States and Canada. Worksport has been developing not only innovative tonneau covers but also a hybrid energy system branded as SOLIS and COR-which unite as a comprehensive system for portable solar power generation capable of forming personal microgrids for pickup trucks. Developing this technology is a large step in the Company’s strategy to increase its market share through innovation in the automotive and clean tech sectors.
First full production line active at new USA factory
E-commerce marketing of our Made in USA products began on www.worksport.com
$2.8M Innovation & Growth Grant, awarded by N.Y. State Governor
275% quarterly revenue increase, $1M+ montlhy; $15M+ APR & growing
COR Portable Energy System succesfully charges Tesla
Alpha release of upcoming SOLIS and COR System launched
US Government sales commenced
New strategy for $2MM+ in cost savings initiated
Worksport reports all time high Q3 revenues, and announces strong forecast for 2025
Our 2024 Roadmap to Accelerate Growth
We’re already growing. But with the support of investors like you we can achieve our ambitious growth goals much faster. We’re checking all the boxes needed to disrupt the global energy market. Worksport projects to achieve ~$30M revenues and cash flow positivity within 2025. With three new products and rapidly expanding brand presence, Worksport will aim to build for an even stronger ramp in 2026.
We’re Scaling in Partnership with Hyundai
We’re continuing to innovate with new products. SOLIS, a revolutionary truck bed cover system with integrated solar technology, can add up to 2,050 miles of range for EV trucks. It’s a key reason brands like Hyundai are collaborating with us. And our COR portable energy storage platform transforms trucks into mobile power stations.
Our Innovation Is Needed Now More Than Ever
Not only are more extreme weather events accelerating the need for mobile power solutions, but the governments across the world are pouring over $1.3 trillion into clean energy. These trends are major catalysts for our off-grid energy solutions. Anyone, anywhere in the world can use our COR as a battery power generator for remote plug-in power on the go.
Fueling Fun
Endless Utility
Emergency Response
Multiple Applications
What people say about Worksport
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Latest Reports
SEC Filings
Download PDFCode of Ethics
Download PDFInsider Section 16(a) Reports
Download PDFNominating Committee Charter
Download PDFAudit Committee Charter
Download PDFQ1 - 2025
Worksport hosted the Q1 live earnings call. This event provided a comprehensive overview of Q1 results. Download them below.
FY & Q4 - 2024
Worksport hosted the Q4 live earnings call. This event provided a comprehensive overview of Q4 results. Download them below.
Q3 - 2024
Worksport hosted the Q3 live earnings call. This event provided a comprehensive overview of Q3 results. Download them below.
Q2 - 2024
Worksport hosted the Q2 live earnings call. This event provided a comprehensive overview of Q2 results. Download them below.
Meet the Visionaries Behind Worksport
Our leadership team is driving innovation in the clean energy and automotive sectors.
Frequently Asked Questions
Worksport LTD is actively trading on the Nasdaq exchange under the symbol WKSP. This makes it easy for anyone interested in buying or selling shares of Worksport to do so on the open market through various online brokers.
Some of the popular online brokers where you can trade WKSP shares include: E*TRADE, TD Ameritrade, Charles Schwab, Robinhood, Fidelity, Interactive Brokers, Merrill Edge, Ally Invest, Vanguard, and Webull. These platforms offer user-friendly interfaces and tools that facilitate seamless trading experiences for both novice and experienced investors.
Worksport is committed to creating innovative product lines in the hybrid and clean energy markets by integrating innovative solutions into a variety of markets. Our vision is to empower recreational and utility by designing and manufacturing unique solitons that provide utility and achieve sustainability.
As previously announced, we are projecting $20-25M in revenue for the year-end 2025.
Worksport is presently the sole publicly traded company manufacturing Tonneau covers in the United States, offering an additional advantage in terms of access to growth capital via public markets.
Worksport is offering units exclusive to investors in this offering. Each $3.25 unit includes access to:
- An 8% annual cash dividend for two years (paid quarterly)
- One preferred share (convertible into one common share)
- One warrant share
This structure offers both fixed income and equity upside potential.
All regulatory filings, including financial reports, are available via the SEC EDGAR DATABASE
We’re raising up to $10 million to fuel Worksport’s next phase of growth, supporting inventory and marketing for launches of the COR portable energy storage system and SOLIS solar-integrated tonneau cover.
Shares are issued after funds clear, typically within 2-3 weeks of investment. However, it may be faster.
No. Fees are the same across all payment methods. For larger investments, ACH or wire transfer is recommended.
For each preferred share purchased, investors will receive an 8% annual dividend (paid quarterly for two years), one common share, and one warrant share. While stock returns are not guaranteed, this structure provides multiple paths for potential upside.
This is a limited-time opportunity with exclusive perks: dividend income, potential equity upside through common and warrant shares, and for larger investments, a free COR power system. Worksport is entering a high-growth phase ahead of multiple product launches—making this a uniquely timed entry point.
Currently, this opportunity is the only planned public investment round. Since this offering is to fund the successful launch of Worksport’s upcoming products, this opportunity is uniquely timed.
Proceeds from this offering are expected to support key revenue-generating initiatives, including:
- Inventory purchases for our COR portable battery system and SOLIS solar-integrated tonneau cover
- Marketing and go-to-market execution for the COR and SOLIS product lines
- Scaling operations and brand presence for Worksport
- A targeted investment into the commercialization of Terravis Energy’s next-gen Aetherlux™heat pump featuring ZeroFrost™ technology
Each use of capital is strategically planned to drive short-term returns and long-term value creation for shareholders.
As of Q1 2025, Worksport has over 17,000 active investors.
Yes, investors in this offering will have the right to an 8% dividend, payable in cash, quarterly over two years.
Worksport holds a diverse array of patents on its products, safeguarding the value for investors and maintaining its innovative products' market position, including the SOLIS Solar Tonneau cover. Worksport’s US factory initiated full-scale production in January. Worksport’s sales efforts began in late Q1, with a push towards direct to consumer (B2C) sales in March 2024. Worksport is continuing to launch the Worksport brand via distribution partnerships, e-commerce growth, and leveraging the strategic advantages of its product line-up. The Company has seen very promising early signs.
Our strategy includes expanding our product lines, entering new geographic markets, increasing production capacity, and continuing to innovate with eco-friendly solutions.
Worksport has recently announced the onboarding of two major distributors in the North American marketplace and has a signed exploration agreement with Hyundai. Further discussions with potential partners are underway, and investors will be informed of any significant developments as they arise.
Key trends include the integration of smart technology, the rise of sustainability and eco-friendly products, and the growing consumer demand for portable power.
As of May 20, 2025, Worksport’s market cap is approximately $14.5 million, while its book value is over $20 million (per the Q1 2025 10-Q).
Worksport is focused on scaling revenue, improving margins, and launching high-impact product lines. Our 2025 roadmap includes:
- Scaling U.S.-based production of our flagship AL4 tonneau cover
- Launching three new products: the HD3 (B2B-focused tonneau cover), SOLIS (solar-integrated tonneau cover), and COR (portable energy system)
- Expanding our dealer network, now 150+ strong, with 17,000+ addressable retailers across the U.S.
- Commercializing Terravis Energy’s AetherLux ZeroFrost™ heat pump, targeting licensing and strategic partnerships in a $120B+ global market
Our financial strategy is centered around improving gross margins (targeting 25-–30% in 2025), controlling operating expenses, and scaling production. We are targeting cash flow breakeven by Q4 2025 or early Q1 2026, and full profitability thereafter, supported by continued revenue growth in core and new product lines.
Worksport has a robust IP portfolio. As of May 20, 2025, Worksport’s global intellectual property portfolio with over 170 assets, includes issued and pending patents, designs, and trademarks.
19 issued utility patents and 37 pending utility patent applications
- 23 registered designs and 42 pending design applications
- 40 registered trademarks and 10 pending trademark applications
These patents, designs, and trademarks span multiple jurisdictions worldwide and cover key technologies across our product lines. We are also actively preparing additional filings to further strengthen and expand our IP footprint. This robust portfolio is a core part of our competitive advantage and long-term value strategy.
Automotive accessories and clean-tech, including portable energy and thermal management solutions.
Our path to profitability is anchored by:
- Revenue Growth: Targeting $20M-$25M in revenue for 2025, up from $8.5M in 2024 and $1.5M in 2023.
- Margin Expansion: Improving gross margins from 7% to 18% YoY in Q1 2025, and targeting 25-30% by year-end through higher-margin products like AL4, SOLIS, and COR.
- Expense Management: Operating expenses growing slower than revenue as we gain scale, driving improved EBITDA.
- Production Efficiency: U.S. factory scaling to 200 units/day by Q3 2025, enabling economies of scale and a $45M revenue capacity.
- Diversified Product Mix: New lines like COR & SOLIS (targeting $2-3M revenue in 2025) unlocking new markets outside traditional truck accessories.
We believe these levers will drive Worksport to cash flow positivity by late 2025 or early 2026, with profitability to follow as scale and margin performance improve.
Worksport actively seeks partnership and collaboration opportunities. For example, we have signed exploration agreements with Hyundai and KULR, and we are evaluating new agreements pertaining to the Aetherlux heat pump.
2500 North America Drive, West Seneca, NY 14224, United States.
As of Q1 2025, Worksport employs 73 employees.
While our focus is on capturing a nine-figure revenue opportunity in the U.S., all Worksport products are designed with global scalability in mind. International expansion is part of our long-term roadmap.
Worksport has sold over 10,000 covers since Q1 2024 and continues to scale. The U.S. has 60+ million pickup trucks—the SOLIS solar cover will be the first of its kind. We also hold ISO certification and are expanding fast into the clean energy space with innovations like the Aetherlux Zerofrost heat pump, a massive global HVAC opportunity.
Our biggest challenges included scaling U.S. manufacturing, improving margins from legacy products, and bringing advanced technologies like SOLIS and COR to market. We’ve addressed these by:
- Building and optimizing a U.S.-based production facility to enhance quality and reduce tariff exposure
- Shifting to higher-margin, branded products such as the AL4 cover
- Phasing development with strategic beta testing and diversified sourcing
- Strengthening working capital and expanding our dealer network for scalable growth
These actions have laid a strong foundation for margin expansion, product commercialization, and long-term profitability.
Our initiatives include developing products that reduce environmental impact, implementing sustainable manufacturing practices, and engaging in community-based environmental projects.
We contribute through local job creation, community service projects, and partnerships with local organizations to support community development.
Our goals include decreasing energy consumption, using sustainable materials in our products, and reducing waste through recycling initiatives.
Sustainability is at the core of our strategy, influencing product development, operations, and corporate culture to ensure long-term viability and environmental stewardship.