BusinessCommonF1 & Motor Vehicle

Nikola Motor Company raises US$100m in first week of funding round : “Nikola’s business model has been vetted, and the investment world is taking notice,” says CEO Trevor Milton. “So far this year we have kicked-off plans to build the largest hydrogen network in the world with NEL; secured a massive 800-truck order commitment from Anheuser-Busch; developed the most energy dense battery system on the market with almost 400Wh per liter; engineered a 240kW fuel cell; kicked-off electric vehicle stability controls and electric ABS with Wabco; designed a thermo-management and HVAC system with Mahle; finalized the most advanced class-8 independent suspension on the market with Meritor; relocated our company to Arizona to build our new 150,000ft² headquarters; and now closed on US$100m.”

Milton also added that the company will soon announce a 2019 event in Phoenix, where customers, suppliers, media and industry insiders will be able to see all the latest Nikola products unveiled and in action.

By 2028, Nikola is planning on having more than 700 hydrogen stations across the USA and Canada. The first 14 stations will be up and running by 2021.

source : Electric and Hybrid Vehicle Technology International

Previous post


Next post

Audi demonstrates e-tron energy recuperation systems on Pikes Peak

The Author

Syed Rafnan Ibne Rezwan

Syed Rafnan Ibne Rezwan