Nikola Unveils Trucks, Launches $1.5 Billion Investment Drive
Nikola Motor says it soon will have fuel cell and battery-electric trucks as well as electric ATVs – one configured as a stealthy, drone-launching military scout vehicle – a string of hydrogen fuel stations and even an electric personal watercraft.
The Phoenix, Ariz., startup showed a crowd of nearly 2,000 suppliers, customers and potential investors its growing menagerie of electric vehicles at a lavish event Tuesday aimed at firing up enthusiasm.
Not coincidentally, Nikola – launched just seven years ago in founder Trevor Milton’s basement – used Tuesday’s event to announce a new investment drive aimed at raising at least $1.5 billion to fund Milton’s dreams.
“They will need to do it if they are to be successful,” Antti Lindstrom, trucking analyst with IHS Markit, told Trucks.com as the four-hour “Nikola World 2019” event wrapped up in a cavernous event hall in Scottsdale.
Image from: Trucks.com and Nikola Motor
Be Sure To Check Out Our Latest Blog Posts Below!
- What Does It Mean To Start a Business?
- What Does the Future of the Trucking Industry Look Like? Electric Trucks are on Their Way In!
- SBA Loans & Your Trucking Company
- Introducing Mobile Fleet Services of Virginia
Haven’t Followed Us on Social Media Yet? Be sure to Check Us Out!