09 Aug '18, 10am

Nikola Motor Company Raises $100M to Scale Zero-emission Truck Development

With a $1.1 billion pre-money valuation, Nikola Motor Company’s emissions-free future is looking very bright. Nikola CEO Trevor Milton announced that he anticipates the $200 million C round will be oversubscribed with more than $100 million already raised and funded this month. “Nikola’s business model has been vetted, and the investment world is taking notice. 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 400 watt hours per liter, engineered a 240 kW 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, r...

Full article: https://electriccarsreport.com/2018/08/nikola-motor-compa...

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