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.

To read the full article and see the direction that Nikola Motors and Trevor Milton are going click here and visit Trucks.com for more articles on what is going on in the industry today.

Image from: Trucks.com and Nikola Motor

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