Who Is Bat Horse?

When I saw the above photo on twitter this morning I was intrigued, but I remember no Bat Horse ever appearing in comics. Why in the world would a toy company design a toy of a nonexistent character?

A brief investigation disabused me of the notion that the photo was of a toy at all. In fact it is a statue!

It turns out that Rochester, New York had a public art project in which artists would paint/design full-size horse sculptures for display. You can read a little more over here.  Mystery solved!